Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 211

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 211
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 secret protection. Moreover, our competitors may independently
develop equivalent knowledge, methods and know-how, which would not constitute a violation of our trade secret rights. Enforcing a claim
that a third party is engaged in the unlawful use of our trade secrets is expensive, difficult and time consuming, and the outcome is
unpredictable. In addition, recognition of rights in trade secrets and a willingness to enforce trade secrets differs in certain jurisdictions.

If
we are sued for infringing intellectual property rights of third parties, it will be costly and time consuming, and an unfavorable outcome
in that litigation could harm our business.

Our
commercial success depends significantly on our ability to operate without infringing, violating or misappropriating the patents and
other proprietary rights of third parties. Our own technologies we acquire or develop may infringe, violate or misappropriate the patents
or other proprietary rights of third parties, or we may be subject to third-party claims of such infringement. Numerous U.S. and foreign
issued patents and pending patent applications owned by third parties, exist in the fields in which we are developing our product candidates.
Because some patent applications may be maintained in secrecy until the patents are issued, because publication of patent applications
is often delayed, and because publications in the scientific literature often lag behind actual discoveries, we cannot be certain that
we were the first to invent the technology or that others have not filed patent applications for technology covered by our pending applications.
We may not be aware of patents that have already issued that a third party might assert are infringed by our product candidates. It is
also possible that patents of which we are aware, but which we do not believe are relevant to our product candidates, could nevertheless
be found to be infringed by our product candidates. Moreover, we may face patent infringement claims from non-practicing entities that
have no relevant product revenue and against whom our own patent portfolio may thus have no deterrent effect. In the future, we may agree
to indemnify our manufacturing partners against certain intellectual property claims brought by third parties.

26

Intellectual
property litigation involves many risks and uncertainties, and there is no assurance that we will prevail in any lawsuit brought against
us. Third parties making claims against us for infringement, violation or misappropriation of their intellectual property rights may
seek and obtain injunctive or other equitable relief, which could effectively block our ability to further develop and commercialize
our product candidates. Further, if a patent infringement suit were brought against us, we could be forced