Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 337

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 337
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parties.

To
the extent that consultants or key employees apply technological information independently developed by them or by others to our product
candidates, disputes may arise as to who has the proprietary rights to such information and product candidates, and certain of such disputes
may not be resolved in our favor. Consultants and key employees that work with our confidential and proprietary technologies are required
to assign all intellectual property rights in their inventions and discoveries created during the scope of their work to our company.
However, these consultants or key employees may terminate their relationship with us, and we cannot preclude them indefinitely from dealing
with our competitors.

If
we are unable to prevent disclosure of our trade secrets or other confidential information to third parties, our competitive position
may be impaired.

We
also may rely on trade secrets to protect our technology, especially where we do not believe patent protection is appropriate or obtainable.
Our ability to stop third parties from obtaining the information or know-how necessary to make, use, sell, offer to sell or import our
products or practice our technology is dependent in part upon the extent to which we prevent disclosure of the trade secrets that cover
these activities. Trade secret rights can be lost through disclosure to third parties. Although we use reasonable efforts to protect
our trade secrets, our employees, consultants, contractors, outside scientific collaborators and other advisors may unintentionally or
willfully disclose our trade secrets to third parties, resulting in loss of trade 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