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In this segment of "Finally Revealed," Michele discusses the term "indemnification." This term is often encountered in contexts like contracts, settlements, or business separations. To indemnify someone means to protect them by taking responsibility for claims made against that individual related to a specific situation, such as a product sale. It's essential to clarify what you are indemnifying against to ensure understanding of the associated responsibilities, especially if issues arise. Michele emphasizes the importance of clarity in indemnification agreements to effectively cover potential claims.