Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 258

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 258
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 without merit, a court of competent
jurisdiction could hold that such patents are valid, enforceable and infringed by us. In this case, the holders of such patents may be
able to block Veea’s ability to commercialize the infringing products or technologies unless Veea obtains a license under the applicable
patents, or until such patents expire or are finally determined to be held invalid or unenforceable. Such a license may not be available
on commercially reasonable terms or at all. Even if Veea is able to obtain a license, the license would likely obligate us to pay license
fees or royalties or both, and the rights granted to us might be nonexclusive, which could result in Veea’s competitors gaining
access to the same intellectual property. If Veea is unable to obtain a necessary license to a third-party patent on commercially reasonable
terms, Veea may be unable to commercialize the infringing products or technologies or such commercialization efforts may be significantly
delayed, which could in turn significantly harm Veea’s business.

34

Defense
of infringement claims, regardless of their merit, would involve substantial litigation expense and would be a substantial diversion
of management and other employee resources from Veea’s business, and may impact Veea’s reputation. In the event of a successful
claim of infringement against us, Veea may be enjoined from further developing or commercializing the infringing products or technologies.
In addition, Veea may have to pay substantial damages, including treble damages and attorneys’ fees for willful infringement, obtain
one or more licenses from third parties, pay royalties and/or redesign Veea’s infringing products or technologies, which may be
impossible or require substantial time and monetary expenditure. In that event, Veea would be unable to further develop and commercialize
Veea’s products or technologies, which could harm Veea’s business significantly. Further, Veea cannot predict whether any
required license would be available at all or whether it would be available on commercially reasonable terms. Veea could be prevented
from commercializing a product or be forced to cease some aspect of Veea’s business operations, if, as a result of actual or threatened
patent infringement claims, Veea is unable to enter into licenses on acceptable terms.

Veea
may in the future pursue invalidity proceedings with respect to third-party patents. The outcome following legal assertions of invalidity
is unpredictable. Even if resolved in Veea’s favor, these legal proceedings may cause