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What is a Limited Monopoly?

What is LM Dk Bkgd blk 3The U.S. Patent Act was enacted by congress under its Constitutional grant of authority to secure for limited times to inventors the exclusive right to their discoveries.

“A patent is essentially a limited monopoly whereby the patent holder is granted the exclusive right to make, use, and sell the patented innovation for a limited period of time.”

                                                                                                            U.S. Patent and Trademark Office