Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 57

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 57
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 the first
inventor to file a patent application will be entitled to the patent on an invention regardless of whether a third party was the first
to invent the claimed invention. As such, the Leahy-Smith Act and its implementation could increase the uncertainties and costs surrounding
the prosecution of Veea’s patent applications and the enforcement or defense of patents to issue, all of which could have a material
adverse effect on Veea’s business, financial condition, results of operations and prospects.

In
addition, the patent positions of companies in the development and commercialization of biologics and pharmaceuticals are particularly
uncertain. Recent U.S. Supreme Court rulings have narrowed the scope of patent protection available in certain circumstances and weakened
the rights of patent owners in certain situations.

Depending
on future actions by the U.S. Congress, the federal courts and the USPTO, the laws and regulations governing patents could change in
unpredictable ways that could have a material adverse effect on Veea’s patent rights and Veea’s ability to protect, defend
and enforce Veea’s patent rights in the future.

Veea
may be subject to claims challenging the inventorship or ownership of Veea’s patent and other intellectual property rights.

Veea
or Veea’s licensors may be subject to claims that former employees, collaborators or other third parties have an interest in Veea’s
owned or in-licensed patent rights, trade secrets or other intellectual property as an inventor or co-inventor. For example, Veea or
Veea’s licensors may have inventorship disputes arise from conflicting obligations of employees, consultants or others who are
involved in developing Veea’s products or technology. Litigation may be necessary to defend against these and other claims challenging
inventorship or Veea’s or Veea’s licensors’ ownership of Veea’s owned or in-licensed patent rights, trade secrets
or other intellectual property. If Veea or Veea’s licensors fail in defending any such claims, in addition to paying monetary damages,
Veea may lose valuable intellectual property rights, such as exclusive ownership of or right to use intellectual property that is important
to any products Veea may develop or Veea’s technology. Even if Veea is successful in defending against such claims, litigation
could result in substantial costs and be a distraction to management and other employees. Any of the foregoing could have a material
adverse effect on Veea’s business, financial condition, results of operations and prospects.

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