Earlier quoted context omitted.
> But the post above is somewhat accurate, in that there is no guarantee that negotiations will end in a license. Why is that revelation "wild?" Imagine saying, > It’s so wild that [Bernie] is allowed to refuse to [allow Bob] to [rent Bernie's spare bedroom]. putting aside the fact that [Bob] doesn't even want to rent from [Bernie] as applied to the situation here with the watches! :-)
The patent isn't personal property that the company "owns" like how a person owns a house, it's a segment of the market where the government grants a company a legal monopoly. I don't understand why it should be a total legal monopoly. If the idea was that the company which employed the people who invented something cool should "deserve" to get filthy rich (why do we want that again?), you'd think that could be achie…
You're asking philosophical questions about the patent system. I'm not defending the patent system and IANAL.
I recommend the wiki article to get an overview [0]. Your phrasing doesn't align with my understanding of patent law or the article's characterization of the situation.
> The patent isn't personal property that the company "owns" like how a person owns a house...
> But instead we apparently want to say, "no other company should be allowed to make a watch with a pulse oximeter for 20 years unless the company which employed the inventor agrees to it".