Neiman Marcus 2011 Annual Report Download - page 19

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
We are subject to numerous regulations that could affect our operations.






If we are unable to enforce our intellectual property rights, or if we are accused of infringing on a third party’s intellectual property rights, our
net income may decline.








We outsource certain business processes to third-party vendors, which subjects us to risks, including disruptions in business and increased costs.






ITEM 1B. UNRESOLVED STAFF COMMENTS
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