Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 60

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 60
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 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 us to incur significant expenses and could
distract Veea’s technical and management personnel from their normal responsibilities. In addition, there could be public announcements
of the results of hearings, motions or other interim proceedings or developments and if securities analysts or investors perceive these
results to be negative, it could have a substantial adverse effect on the price of Veea’s common stock. Such proceedings could
substantially increase Veea’s operating losses and reduce the resources available for development activities or any future sales,
marketing or distribution activities. If Veea