Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 111

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 111
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 our intellectual property rights is uncertain because intellectual property rights have limitations
and may not adequately protect our business. The following examples are illustrative:

    ●
    others
    may be able to develop technologies that are similar to our technology platforms but that are not covered by the claims of any patents,
    should they issue, that we own or license;

    ●
    we
    or our licensors might not have been the first to make the inventions covered by the issued patents or pending patent applications
    that we own or license;

    ●
    we
    or our licensors might not have been the first to file patent applications covering certain aspects of our inventions;

    ●
    others
    may independently develop similar or alternative technologies or duplicate any of our technologies without infringing our intellectual
    property rights;

    ●
    it
    is possible that our pending patent applications will not lead to issued patents;

    ●
    issued
    patents that we own or license may not provide us with any competitive advantages, or may be held invalid or unenforceable as a result
    of legal challenges;

    ●
    our
    competitors might conduct research and development activities in the United States and other countries that provide a safe harbor
    from patent infringement claims for certain research and development activities, as well as in countries where we do not have patent
    rights, and then use the information learned from such activities to develop competitive products for sale in our major commercial
    markets;

    ●
    we
    may not develop additional proprietary technologies that are patentable; and

    ●
    the
    patents of others may have an adverse effect on our business.

We
may need to defend ourselves against patent or trademark infringement claims, which may be time-consuming and cause us to incur substantial
costs.

Companies,
organizations or individuals, including our competitors, may own or obtain patents, trademarks or other proprietary rights that would
prevent or limit our ability to make, use, develop or sell our products or components, which could make it more difficult for us to operate
our business. The automotive aftermarket has been characterized by significant litigation and other proceedings regarding patents, patent
applications and other intellectual property rights. The situations in which we may become parties to such litigation or proceedings
may include:

    ●
    litigation
    or other proceedings we may initiate against third parties to enforce our patent rights or other intellectual property rights;

    ●
    litigation
    or other proceedings we or our licensee(s)