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[Darian]

or for which you otherwise have a legal right to reproduce or copy

a cop-out clause indicating that Panasonic gathers that copying is sometimes legal and sometimes not...
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It also sort of covers the implied-by-precedent standard which states that in the case of recordings (video, audio or data; digital or otherwise), the consumer has the absolute right, if they're able to do so, to make a copy of the media for backup purposes unless the copyright holder explicitly offers to replace it in the event of loss.

It's an interesting twist in the way copyright law is constituted. When you buy recorded media -- let's use Windows XP as an example -- there are two ways to look at it which are mutually exclusive. The first is to look at is as "I have just bought these CDs, which contain software. The CDs are mine to do with as I please." Obviously, Microsoft wants nothing to do with this view of things, so they accept the second view: "I just bought a license to use Windows XP. The software is on these CDs. I can do whatever I need to do to ensure that I continue to have the use of the software I've licensed, so they can't stop me from copying the discs in case I lose the originals."