Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 210

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 210
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 invalid.
If a defendant were to prevail over a legal assertion of invalidity and/or unenforceability of our patents covering one of our product
candidates, we would lose at least part, and perhaps all, of the patent protection on such a product candidate. Such a loss of patent
protection would harm our business. Moreover, our competitors could counterclaim in any suit to enforce our patents that we infringe
their intellectual property. Furthermore, some of our competitors have substantially greater intellectual property portfolios, and resources,
than we do.

25

Our
ability to stop third parties from using our technology or making, using, selling, offering to sell or importing our products is dependent
upon the extent to which we have rights under valid and enforceable patents that cover these activities. If any patent we currently or
in the future may own or license is deemed not infringed, invalid or unenforceable, it could impact our commercial success. We cannot
predict the breadth of claims that may be issued from any patent applications we currently or may in the future own or license from third
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