Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 336

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 336
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 know-how.

Even
where laws provide protection, costly and time-consuming litigation could be necessary to enforce and determine the scope of our proprietary
rights, and the outcome of such litigation would be uncertain. If we or one of our collaborators were to initiate legal proceedings against
a third party to enforce a patent covering the product candidate, the defendant could assert an affirmative defense or counterclaim that
our patent is not infringed, invalid and/or unenforceable. In patent litigation in the United States, defendant defenses and counterclaims
alleging non-infringement, invalidity and/or unenforceability are commonplace. Grounds for a validity challenge could be an alleged failure
to meet any of several statutory requirements, including lack of novelty, anticipation or obviousness, and lack of written description,
definiteness or enablement. Patents may be unenforceable if someone connected with prosecution of the patent withheld material information
from the USPTO, or made a misleading statement, during prosecution. The outcomes of proceedings involving assertions of invalidity and
unenforceability are unpredictable. It is possible that prior art of which we and the patent examiner were unaware during prosecution
exists, which would render our patents invalid. Moreover, it is also possible that prior art may exist that we are aware of, but that
we do not believe are relevant to our current or future patents, that could nevertheless be determined to render our patents 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