Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 83

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 83
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, or issued patent will provide competitive advantages for us or that our
intellectual property will not be successfully challenged or circumvented by competitors.

As
of December 31, 2024, we had one trademark, “ Lottery. com”, registered with the U. S. Patent and Trademark Office. As of December
31, 2024, the registrations of our LOTTERY. COM word marks was pending with the U. S. Patent and Trademark Office. In March 2023, the U. S.
Patent and Trademark Office denied the registration of the SPORTS. COM word mark and the appeal period has expired. We are also using
or have common-law trademark rights in the trademarks AUTOLOTTO, SPORTS. COM, and “ TAP, TAP, TICKET.”

We
may not be able to prevent the unauthorized disclosure or use of our technical knowledge or trade secrets. For example, there can be
no assurance that consultants, vendors, partners, former employees, or current employees and contractors will not breach their obligations
regarding non-disclosure and restrictions on use. Anyone could seek to challenge, invalidate, circumvent, or render unenforceable any
trademark or patent that we seek protection over in the future. We may not be able to detect the unauthorized use of our intellectual
property, prevent breaches of our cybersecurity efforts, or take appropriate steps to enforce our proprietary or intellectual property
rights effectively. In addition, certain contractual provisions, including restrictions on use, copying, transfer, and disclosure of
software, may be unenforceable under the laws of certain jurisdictions.

We
intend to enforce our intellectual property rights, and from time to time may initiate claims against third parties that we believe are
infringing our intellectual property rights. Litigation brought to protect and enforce our intellectual property rights could be costly,
time-consuming, and distracting to management, could fail to obtain the results sought, and could have a material adverse effect on our
results of operations, business, and financial condition.

  45  

The
intellectual property rights of others, including claims of third parties that we are infringing on their intellectual property and proprietary
rights, may prevent us from developing new products, services and systems, entering new markets or may expose us to significant license
fees, liability, or costly litigation.

Our
success depends, in part, on our ability to continually adapt our business activities, products, services, and systems to incorporate
new technologies and