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In this segment of "Finally Revealed," Michele discusses the term "indemnification," commonly used in contracts, settlements, or business separations. To indemnify someone means to protect them from claims or liabilities related to a transaction, such as selling or providing a product. Essentially, it involves covering their back by agreeing to take responsibility for any potential issues that arise. Michele emphasizes the importance of clearly defining what the indemnification covers, ensuring all parties understand the scope of protection being offered.