Risk of Infringing Third-Party Intellectual Property Rights
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2021.
156 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Group monitors and manages its services to prevent infringement of third-party intellectual property rights, and regarding products sold through the fast-fashion e-commerce service SHOPLIST.com by CROOZ and other services operated by the Group, business partners provide contractual representations and warranties that the products do not infringe third-party intellectual property rights. However, if the Group infringes third-party intellectual property without being aware of it, it could face claims for damages or injunctions against use, which could affect the Group’s business performance.」
The measures involving monitoring and management and representations and warranties from business partners, as well as the risk of infringing third-party intellectual property rights without being aware of it, are reconfirmed. - FY2020RestatedAnnual report
「The Group monitors and manages its services to prevent infringement of third-party intellectual property rights, and regarding products sold through the fast-fashion e-commerce service SHOPLIST.com by CROOZ and other services operated by the Group, business partners provide contractual representations and warranties that the products do not infringe third-party intellectual property rights. However, if the Group infringes third-party intellectual property without being aware of it, it could face claims for damages or injunctions against use, which could affect the Group’s business performance.」
The measures involving monitoring and management and representations and warranties from business partners, as well as the risk of infringing third-party intellectual property rights without being aware of it, are reconfirmed. - FY2018RestatedAnnual report
「Regarding products sold through the fast-fashion e-commerce service SHOPLIST.com by CROOZ and other services operated by the Company, business partners provide contractual representations and warranties that the products do not infringe third-party intellectual property rights. However, if the Group infringes third-party intellectual property without being aware of it, it could face claims for damages or injunctions against use, which could affect the Group’s business performance.」
The measures, including representations and warranties from business partners, and the risk of infringing third-party intellectual property rights without being aware of it are reconfirmed. - FY2017MitigatedAnnual report
「Regarding products sold through the fast-fashion e-commerce service SHOPLIST.com by CROOZ and other services operated by the Company, business partners provide contractual representations and warranties that the products do not infringe third-party intellectual property rights. However, if the Group infringes third-party intellectual property without being aware of it, it could face claims for damages or injunctions against use, which could affect the Group’s business performance.」
In addition to existing monitoring and management measures, the Group obtains contractual representations and warranties from business partners regarding products sold through SHOPLIST and other services. The risk itself remains, but the measures to address it have become more specific. - FY2016First statedAnnual report
「The Group monitors and manages its services to prevent infringement of third-party intellectual property rights. However, if the Group infringes third-party intellectual property without being aware of it, it could face claims for damages or injunctions against use, which could affect the Group’s business performance.」
The Group’s acquisition of licenses and its monitoring and management measures are presented alongside the possibility of infringement of which it is unaware.