Under Armour 2014 Annual Report Download - page 31

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We have licensed in the past, and expect to license in the future, certain of our proprietary rights, such a
s
trademarks or copyrighted material, to third parties. These licensees may take actions that diminish the value of
o
ur proprietary rights or harm our reputation.
We are sub
j
ect to per
i
od
i
c cla
i
ms and l
i
t
i
gat
i
on that could result
i
n unexpected expenses and could
ult
i
mately be resolved aga
i
nst us.
F
rom time to time, we are involved in litigation and other proceedings, including matters related t
o
commercial disputes and intellectual property, as well as trade, regulatory and other claims related to our
business. Any of these proceedings could result in damages, fines or other penalties, divert financial and
management resources and result in significant legal fees. Although we cannot predict the outcome of any
p
articular proceeding, an unfavorable outcome may have an adverse impact on our business, financial conditio
n
and results of operations. In addition, any proceeding could negatively impact our reputation among our
customers and our brand image
.
I
TEM 1B.
U
NRE
SO
LVED
S
TAFF
CO
MMENT
S
N
ot a
pp
licable
.
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