Logitech 2013 Annual Report Download - page 125
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Logitech International S.A. and Logitech Europe S.A. have guaranteed certain contingent liabilities of
various subsidiaries related to transactions occurring in the normal course of business. The maximum amount of
the guarantees was $22.4 million as of March 31, 2013. As of March 31, 2013, $3.0 million of guaranteed obligations
were outstanding under these agreements.
Indemnifications
Logitech indemnifies certain of its suppliers and customers for losses arising from matters such as intellectual
property disputes and product safety defects, subject to certain restrictions. The scope of these indemnities varies,
but in some instances, includes indemnification for damages and expenses, including reasonable attorneys’ fees.
No amounts have been accrued for indemnification provisions at March 31, 2013. We do not believe, based on
historical experience and information currently available, that it is probable that any material amounts will be
required to be paid under our indemnification arrangements.
Logitech also indemnifies its current and former directors and certain of its current and former officers.
Certain costs incurred for providing such indemnification may be recoverable under various insurance policies.
Logitech is unable to reasonably estimate the maximum amount that could be payable under these arrangements
because these exposures are not capped, the obligations are conditional in nature, and the facts and circumstances
involved in any situation that might arise.
ANNUAL REPORT
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