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In this tutorial, Michele explains the concept of indemnification, often encountered in contracts, settlements, or business separations. To indemnify someone means to "cover their back," assuming responsibility for any claims made against them related to a specific circumstance or product. It is essential to clearly define what the indemnification covers, ensuring both parties understand the responsibilities involved if something goes wrong. The crucial aspect is to know the scope of indemnification, which can arise in various transactional contexts.
