Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 14

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 14
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 by Predictive in connection with the further development of FinTradeSherpa, which is important to our business.
We may enter into additional license agreements in the future. Our existing license agreement with Predictive imposes, various due
diligence, license fees, and other obligations on us, and we expect that any future license agreements will impose similar
obligations, including, but not limited to, milestone payments, royalties, and insurance obligations. Any uncured, material breach
under the License Agreement could result in our loss of rights to use the intellectual property licensed to us, and could compromise
our development and commercialization efforts for our current or any future product candidates.

Licensing
of intellectual property is of critical importance to our business and involves complex legal, business and scientific issues. Disputes
may arise regarding intellectual property subject to the License Agreement or a future license agreement, including disputes regarding:

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If
disputes over intellectual property that we have licensed prevent or impair our ability to maintain our current licensing arrangement
on acceptable terms, we may be unable to successfully develop and commercialize the affected product candidates.

If
we fail to effectively protect our technology or enforce our intellectual property rights, our business could be negatively impacted.

We
believe that the success of FinTradeSherpa largely depends on our intellectual property. Currently, we do not hold any copyrights or
patents, and due to the importance of intellectual property to our success, it may be necessary for us to secure and maintain copyright
and patent protection. However, the scope of a patent can be significantly reduced during the application process, and it can be altered
after being granted. Additionally, if our patent applications are rejected, or are granted but later invalidated in court, our ability
to competitively leverage FinTradeSherpa could be substantially harmed. Even if patents are granted, they may not offer significant competitive
advantages or could be challenged or circumvented by competitors, potentially limiting our ability to commercially capitalize on our
technology. We will also depend on trade secrets and contracts to protect our unpatented, confidential, and proprietary technology. However,
protecting trade secrets is challenging, and although we will require certain employees, consultants, and others to sign agreements regarding
our confidential information, there is no guarantee these agreements will fully protect our trade secrets or proprietary information.
Breaches of these agreements may occur