Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 92

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 92
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 Despite these efforts, any of the following occurrences may reduce the value of our intellectual property:

    ●
    Our applications for patents relating to our business may not be granted and, if granted, may be challenged or invalidated;

    ●
    Issued patents may not provide us with any competitive advantages;

    ●
    Our efforts to protect our intellectual property rights may not be effective in preventing misappropriation of our technology;

16

    ●
    Our efforts may not prevent the development and design by others of products or technologies similar to or competitive with, or superior to those we develop;

●Another
party may obtain a blocking patent and we would need to either obtain a license or design around the patent in order to continue to offer
the contested feature or service in our products; or

    ●
    The fact cannabis is illegal at the federal level may impact our ability to secure patents from the United States Patent and Trademark Office, and other intellectual property protections may not be available to us.

We may become involved
in lawsuits to protect or enforce our patents that would be expensive and time consuming.

In order to protect or enforce
our patent rights, we may initiate patent or trademark litigation against third parties. In addition, we may become subject to interference
or opposition proceedings conducted in patent and trademark offices to determine the priority and patentability of inventions. The defense
of intellectual property rights, including patent rights through lawsuits, interference or opposition proceedings, and other legal and
administrative proceedings, would be costly and divert our technical and management personnel from their normal responsibilities. An adverse
determination of any litigation or defense proceedings could put our pending patent applications at risk of not being issued.

Furthermore, because of
the substantial amount of discovery required in connection with intellectual property litigation, there is a risk that some of our confidential
information could be compromised by disclosure during this type of litigation. For example, during the course of this kind of litigation,
confidential information may be inadvertently disclosed in the form of documents or testimony in connection with discovery requests, depositions
or trial testimony. This disclosure could have a material adverse effect on our business and our financial results.

We may be involved
in litigation at some in the future.

In the ordinary course of
business, we are from time to time involved in various pending or threatened legal actions. The litigation process is inherently uncertain
and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results
of operations. Litigation is also expensive