Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 42

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 42
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, claiming ownership of, or demanding release of,
the source code, the open source software and/or derivative works that were developed using such software, or otherwise seeking to enforce
the terms of the applicable open source license, including by altering the terms on which we license our software to others.

Our technologies may not withstand any third-party
claims or rights against their use. The cost of defending such litigation and disputes is considerable, and there can be no assurances
of a favorable outcome. We may also be required to settle such litigation and disputes on terms that are unfavorable and costly to us.
The terms of any settlement or judgment may require us to cease some or all of our operations and/or pay substantial amounts to the other
party. Regarding any intellectual property rights claim, we may have to seek a license to continue practices found to be in violation
of a third party’s rights, which may not be available on reasonable terms or at all and may significantly increase our operating
expenses. Our business and results of operations could be materially and adversely affected as a result.

If we are unable to protect our intellectual
property, the value of our brand and other intangible assets may be compromised, adversely impacting our business.

We rely and expect to continue to rely on a
combination of confidentiality, invention assignment, and license agreements with our employees, consultants, and third parties with
whom we have relationships, as well as applicable trademark, copyright, and trade secret protection laws, to protect our proprietary
rights. In Türkiye, we filed various applications for registration of certain aspects of our intellectual property. However,
third parties may knowingly or unknowingly infringe our proprietary rights, third parties may challenge proprietary rights held by
us, pending and future copyright, trademark, and patent applications may not be approved and we may not be able to prevent
infringement without incurring substantial expense. In addition, others may be able to claim priority and begin use of intellectual
property to our detriment. If the protection of our proprietary rights is inadequate to prevent use or appropriation by third
parties, the value of our brand and other intangible assets may be diminished and competitors may be able to more effectively mimic
our service and methods of operations. Any of these events could materially and adversely impact our business, financial condition,
and results of operations.

Significant disruption in our services or
information technology systems could lead to user loss and harm our business.

Our reputation and ability to attract and retain
users and grow our business depends on our ability to operate our