Home Shopping Network 2012 Annual Report Download - page 19

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Table of Contents
HSNi believes that the duration of each lease is adequate and does not anticipate any future problems renewing or obtaining suitable leases
for its principal properties. HSNi believes that its principal properties, whether owned or leased, are currently adequate for the purposes for
which they are used and are suitably maintained for these purposes. From time to time, HSNi considers various alternatives related to its long
term facilities needs. While HSNi management believes existing facilities are adequate to meet its short term needs, it may become necessary to
lease or acquire additional or alternative space to accommodate future growth.
In the ordinary course of business, we are involved in various legal matters arising out of our operations. These matters may relate to
claims involving property, personal injury, contract, intellectual property (including patent infringement), sales tax, regulatory compliance and
other claims. As of the date of this filing, we are not a party to any legal proceedings that are reasonably expected to have a material adverse
effect on our business, results of operations, financial condition or cash flows; however, litigation matters are subject to inherent uncertainties
and the results of these matters cannot be predicted with certainty. An unfavorable resolution of one or more of these matters could have a
material adverse effect on our business, results of operations, financial condition or cash flows. Moreover, any claims or regulatory actions
against us, whether meritorious or not, could be time consuming, result in costly litigation, require significant amounts of management time and
result in the diversion of significant operational resources.
See Note 13 – Commitments and Contigencies in Part II, Item 8 for additional information regarding legal matters in which we are
involved.
Not Applicable.
15
ITEM 3. LEGAL PROCEEDINGS
ITEM 4. MINE SAFETY DISCLOSURES