Patent Protection for a Solution Concepts or Inventions

United States Patent is essentially a "grant of rights" for a limited time period. In layman's terms, it is a contract in which the United States government expressly permits an person or firm to monopolize a distinct idea for a limited time.

Typically, our government frowns on any kind of monopolization in commerce, due to the belief that monopolization hinders cost-free trade and competition, degrading our economy. A good instance is the forced break-up of Bell Phone some many years ago into the several regional mobile phone companies. The government, in certain the Justice Division (the...