Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 195

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 195
---
 infringement claims.

We rely on a combination
of contractual rights, copyright, trademark and trade secret laws to establish and protect our technology and the technology that we
license and/or that we develop in the future. We have applied for trademark protection for certain marks, but there is a risk that such
trademarks will not be approved, which could leave us without important protections for our brand.

Also, we customarily
require our employees and independent contractors to execute confidentiality agreements or otherwise to agree to keep our proprietary
information and the information we license confidential when their relationship with us begins. Typically, our employment contracts also
include clauses requiring our employees to assign to us all the inventions and intellectual property rights they develop in the course
of their employment and to agree not to disclose our confidential information. Nevertheless, others, including our competitors, may independently
develop similar technology to that licensed by us, duplicate our services or design around our intellectual property. Further, contractual
arrangements may not prevent unauthorized disclosure of our confidential information or ensure an adequate remedy in the event of any
unauthorized disclosure of our confidential information. We may have to litigate to enforce or determine the scope or enforceability
of our intellectual property rights (including trade secrets and know-how), which could be expensive, could cause a diversion of resources
and may not prove successful. The loss of intellectual property protection could harm our business and ability to compete and could result
in costly redesign efforts, discontinuance of certain service offerings or other competitive harm. Additionally, we do not hold any patents
for our business model or our business processes, and we do not currently intend to obtain any such patents in the United States or elsewhere.

We may also be subject
to costly litigation in the event our services or the technology that we license are claimed to infringe, misappropriate or otherwise
violate any third party’s intellectual property or proprietary rights. Such claims could include patent infringement, copyright
infringement, trademark infringement, trade secret misappropriation or breach of licenses. We may not be able to successfully defend
against such claims, which may result in a limitation on our ability to use the intellectual property subject to these claims and might
require us to redesign affected services, enter into costly settlement or license agreements, pay costly damage awards, or face a temporary
or permanent injunction prohibiting us from marketing or selling certain of our services. In such circumstances, if we cannot or do not
license the infringed technology on reasonable terms or substitute similar technology from another source,