Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 334

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 334
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 could enable competitors to quickly duplicate or surpass our technological
achievements, thus eroding our competitive position in our market.

The
patent application process, also known as patent prosecution, is expensive and time-consuming, and we and our current or future licensors
and licensees may not be able to prepare, file and prosecute all necessary or desirable patent applications at a reasonable cost or in
a timely manner. It is also possible that we or our current licensors, or any future licensors or licensees, will fail to identify patentable
aspects of inventions made in the course of development and commercialization activities before it is too late to obtain patent protection
on them. Therefore, these and any of our patents and applications may not be prosecuted and enforced in a manner consistent with the
best interests of our business. It is possible that defects of form in the preparation or filing of our patents or patent applications
may exist, or may arise in the future, for example with respect to proper priority claims or inventorship. If we or our current licensors
or licensees, or any future licensors or licensees, fail to establish, maintain or protect such patents and other intellectual property
rights, such rights may be reduced or eliminated. If our current licensors or licensees, or any future licensors or licensees, are not
fully cooperative or disagree with us as to the prosecution, maintenance or enforcement of any patent rights, such patent rights could
be compromised. If there are material defects in the form or preparation of our patents or patent applications, such patents or applications
may be invalid and unenforceable. Any of these outcomes could impair our ability to prevent competition from third parties, which may
harm our business.

The
patent applications that we may own, or license may fail to result in issued patents in the United States or in other countries. Even
if patents are issued on such patent applications, third parties may challenge the validity, enforceability or scope thereof, which may
result in such patents being narrowed, invalidated or held unenforceable. For example, U.S. patents can be challenged by any person before
the new USPTO Patent Trial and Appeals Board at any time within the first year of that person’s receipt of an allegation of infringement
of the patents. Patents granted by the European Patent Office may be similarly opposed by any person within nine months from the publication
of the grant. Similar proceedings are available in other jurisdictions, and in the United States, Europe and other jurisdictions third
part