Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 55

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 55
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 could counterclaim that the patent is invalid or unenforceable. In patent
litigation in the U.S., defendant counterclaims alleging invalidity or unenforceability are commonplace. Grounds for a validity challenge
could be an alleged failure to meet any of several statutory requirements, including lack of novelty, obviousness, lack of written description
or non-enablement. Grounds for an unenforceability assertion could be an allegation that someone connected with prosecution of the patent
withheld information material to patentability from the USPTO, or made a misleading statement, during prosecution. Third parties also
may raise similar claims before administrative bodies in the U.S. or abroad, even outside the context of litigation. Such mechanisms
include re-examination, interference proceedings, derivation proceedings, post grant review, inter partes review and equivalent
proceedings such as opposition, invalidation and revocation proceedings in foreign jurisdictions. Such proceedings could result in the
revocation or cancellation of or amendment to Veea’s patents in such a way that they no longer cover one or more of Veea’s
products or Veea’s technology or no longer prevent third parties from competing with any products Veea may develop or Veea’s
technology. The outcome following legal assertions of invalidity and unenforceability is unpredictable. Defense of these claims, regardless
of their merit, would involve substantial litigation expense and would be a distraction to management and other employees. With respect
to the validity question, for example, Veea cannot be certain that there is no invalidating prior art, of which the patent examiner and
Veea or Veea’s licensing partners were unaware during prosecution. If a third party were to prevail on a legal assertion of invalidity
or unenforceability, Veea could lose at least part, and perhaps all, of the patent protection on one or more of Veea’s products
or technology. Such a loss of patent protection could have a material adverse effect on Veea’s business, financial condition, results
of operations and prospects.

Obtaining
and maintaining Veea’s patent protection depends on compliance with various procedural, document submission, fee payment, and other
requirements imposed by government patent agencies, and Veea’s patent protection could be reduced or eliminated for non-compliance
with these requirements.

Periodic
maintenance fees, renewal fees, annuity fees, and various other government fees on patents and applications will be due to be paid to
the USPTO and various government patent agencies outside of