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In this tutorial, Michele discusses the concept of indemnification, which often arises in contracts, settlements, or business separations. Indemnification refers to the act of protecting someone by assuming responsibility for claims made against them related to a specific circumstance or product. Essentially, to indemnify someone means to "cover their back" by agreeing to take care of them should any issues arise. It's important to clearly define what the indemnification covers, particularly in scenarios where something may go wrong. Understanding this term is crucial for navigating agreements and legal documents effectively.
