Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 27

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 27
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 Terms of Use, including through requirements for arbitration, limits on class actions, limitations of liability, venue selection,
and indemnification requirements. These requirements may be subject to differing interpretations and legal frameworks in different U.S.
federal, state, and foreign jurisdictions or courts, and may have reduced or no enforceability in some jurisdictions. If these claim limitations
are unavailable to us, it could significantly increase our costs, require significant resources across multiple jurisdictions, result
in complex or inconsistent decisions, and subject us to forum shopping by third parties seeking jurisdictions amenable to their claims.

Actions brought against us may result in lawsuits,
enforcement actions, injunctions, settlements, damages, fines, or penalties, which could have a material adverse effect on our financial
condition or results of operations or require changes to our business. Although we establish accruals for our litigation and regulatory
matters in accordance with applicable accounting guidance when those matters proceed to a stage where they present loss contingencies
that are both probable and reasonably estimable, there may be a material exposure to loss in excess of any amounts accrued, or in excess
of any loss contingencies disclosed as reasonably possible. Such loss contingencies may not be probable and reasonably estimable until
the proceedings have progressed significantly, which could take several years and occur close to resolution of the matter.

Expanding and evolving regulations in the areas
of privacy and user data protection could create technological, economic and complex cross-border business impediments to our business
and those of our sellers.

We collect, receive, store, process, generate, use,
transfer, disclose, make accessible, protect, secure, dispose of and share personal information, confidential information and other potentially
protected information necessary to provide our service, to operate our business, for legal and marketing purposes, and for other business-related
purposes.

Data protection has become a significant issue in
the United States, countries in the European Union, and in many other countries in which we operate. In addition to the actual and potential
changes in law described elsewhere in these Risk Factors, global developments in privacy and data security regulations are changing some
of the ways we, our sellers, our vendors and other third parties collect, use, and share personal information and other proprietary or
confidential information. Compliance with these changing regulations have necessitated some specific product changes for our non-U.S.
activities and required additional compliance obligations for us and for our relationships with sellers, vendors, and other third parties.

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In the European Union, the GDPR