ARUN » Topics » Indemnification

These excerpts taken from the ARUN 10-K filed Oct 7, 2008.
Indemnification
 
In its sales agreements, the Company may agree to indemnify its indirect sales channels and end-user customers for any expenses or liability resulting from claimed infringements of patents, trademarks or copyrights of third parties. The terms of these indemnification agreements are generally perpetual any time after execution of the agreement. The maximum amount of potential future indemnification is unlimited. To date the Company has not paid any amounts to settle claims or defend lawsuits. The Company is unable to reasonably estimate the maximum amount that could be payable under these arrangements since these obligations are not capped but are conditional to the unique facts and circumstances involved. Accordingly, the Company has no liabilities recorded for these agreements as of July 31, 2008 and 2007.


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Table of Contents

ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
 
None.
 
ITEM 9A.   CONTROLS AND PROCEDURES
 
Indemnification


 



In its sales agreements, the Company may agree to indemnify its
indirect sales channels and end-user customers for any expenses
or liability resulting from claimed infringements of patents,
trademarks or copyrights of third parties. The terms of these
indemnification agreements are generally perpetual any time
after execution of the agreement. The maximum amount of
potential future indemnification is unlimited. To date the
Company has not paid any amounts to settle claims or defend
lawsuits. The Company is unable to reasonably estimate the
maximum amount that could be payable under these arrangements
since these obligations are not capped but are conditional to
the unique facts and circumstances involved. Accordingly, the
Company has no liabilities recorded for these agreements as of
July 31, 2008 and 2007.





84





Table of Contents


















ITEM 9.  

CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE



 



None.


 















ITEM 9A.  

CONTROLS
AND PROCEDURES



 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Oct 7, 2008
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