Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 339

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 339
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 intellectual property, which could be expensive, time consuming
and unsuccessful.

The
defense and prosecution of contractual or intellectual property lawsuits, USPTO interference or derivation proceedings, European Patent
Office oppositions and related legal and administrative proceedings in the United States, Europe and other countries, involve complex
legal and factual questions. As a result, such proceedings may be costly and time-consuming to pursue, and their outcome is uncertain.

    ●
    Litigation
    may be necessary to:

    ●
    protect
    and enforce our patents and any future patents issuing on our patent applications;

    ●
    enforce
    or clarify the terms of the licenses we have granted or may be granted in the future;

    ●
    protect
    and enforce trade secrets, know-how and other proprietary rights that we own or have licensed, or may license in the future; or

    ●
    determine
    the enforceability, scope and validity of the proprietary rights of third parties and defend against alleged patent infringement.

Competitors
may infringe our intellectual property. As a result, we may be required to file infringement claims to stop third-party infringement
or unauthorized use. This can be expensive, particularly for a company of our size, and time-consuming. In addition, in an infringement
proceeding, a court may decide that a patent of ours is not valid or is unenforceable or may refuse to stop the other party from using
the technology at issue on the grounds that our patent claims do not cover its technology or that the factors necessary to grant an injunction
against an infringer are not satisfied. An adverse determination of any litigation or other proceedings could put one or more of our
patents at risk of being invalidated, interpreted narrowly, or amended such that they do not cover our product candidates. Moreover,
such adverse determinations could put our patent applications at risk of not issuing or issuing with limited and potentially inadequate
scope to cover our product candidates or to prevent others from marketing similar products.

Interference,
derivation or other proceedings brought at USPTO, may be necessary to determine the priority or patentability of inventions with respect
to our patent applications or those of our licensors or potential collaborators. Litigation or USPTO proceedings brought by us may fail
or may be invoked against us by third parties. Even if we are successful, domestic or foreign litigation or USPTO or foreign patent office
proceedings may result in substantial costs and distraction to our management. We may not be able,