Neiman Marcus 2010 Annual Report Download - page 20
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Table of Contents
countries. The laws of some foreign countries do not protect proprietary rights to the same extent as do the laws of the United States.
The loss or reduction of any of our significant proprietary rights could have an adverse effect on our business.
Additionally, third parties may assert claims against us alleging infringement, misappropriation or other violations of their
tradename or other proprietary rights, whether or not the claims have merit. Claims like these may be time consuming and expensive
to defend and we could be required to cease using the tradename or other rights or sell the allegedly infringing products. This could
have an adverse affect on our sales and cause us to incur significant litigation costs and expenses.
We outsource certain business processes to third-party vendors, which subjects us to risks, including disruptions in business
and increased costs.
We outsource some technology-related business processes to third parties. These include credit card authorization and
processing, insurance claims processing, payroll processing, record keeping for retirement and benefit plans and certain information
technology functions. In addition, we review outsourcing alternatives on a routine basis and may decide to outsource additional
business processes in the future. Further, we depend on third party vendors for delivery of our products from manufacturers and to our
customers. We try to ensure that all providers of outsourced services are observing proper internal control practices, such as redundant
processing facilities; however, there are no guarantees that failures will not occur. Failure of third parties to provide adequate services
could have an adverse effect on our results of operations or ability to accomplish our financial and management reporting.
17