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In this video tutorial, Michele discusses the concept of indemnification. When you indemnify someone, you are essentially covering their back and taking care of them in case any claims are made against them in a given situation. This term often arises when entering a contract, settling a dispute, or parting ways in a business transaction. It is crucial to clearly outline what exactly you are indemnifying the other party against to avoid any misunderstandings or complications in the future.
