Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 212

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 212
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 to stop or delay research,
development, manufacturing or sales of the product or product candidate that is the subject of the suit. Defense of these claims, regardless
of their merit, would cause us to incur substantial expenses and, would be a substantial diversion of resources from our business. In
the event of a successful claim of any such infringement, violation or misappropriation, we may need to obtain licenses from such third
parties and we and our partners may be prevented from pursuing product development or commercialization and/or may be required to pay
damages. We cannot be certain that any licenses required under such patents or proprietary rights would be made available to us, or that
any offer to license would be made available to us on commercially reasonable terms. If we cannot obtain such licenses, we and our collaborators
may be restricted or prevented from manufacturing and selling products employing our technology. These adverse results, if they occur,
could adversely affect our business, results of operations and prospects, and the value of our shares.

We
may become involved in lawsuits to protect or enforce our patents or other intellectual property, which could be expensive, time consuming
and unsuccessful.

The
defense and prosecution of contractual or intellectual property lawsuits, USPTO interference or derivation proceedings, European Patent
Office oppositions and related legal and administrative proceedings in the United States, Europe and other countries, involve complex
legal and factual questions. As a result, such proceedings may be costly and time-consuming to pursue, and their outcome is uncertain.

    ●
    Litigation
    may be necessary to:

    ●
    protect
    and enforce our patents and any future patents issuing on our patent applications;

    ●
    enforce
    or clarify the terms of the licenses we have granted or may be granted in the future;

    ●
    protect
    and enforce trade secrets, know-how and other proprietary rights that we own or have licensed, or may license in the future; or

    ●
    determine
    the enforceability, scope and validity of the proprietary rights of third parties and defend against alleged patent infringement.

Competitors
may infringe our intellectual property. As a result, we may be required to file infringement claims to stop third-party infringement
or unauthorized use. This can be expensive, particularly for a company of our size, and time-consuming. In addition, in an infringement
proceeding, a court may decide that a patent of ours is not valid or is unenforceable or may refuse to stop the other party