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In this section of the tutorial, Michele discusses the term "indemnification." Indemnification refers to the act of providing protection to someone against legal claims or liabilities. It commonly arises in contexts such as contracts, settlements, or business separations. To indemnify someone means to "cover their back," ensuring responsibility for any claims made against them related to a specific situation or product involved in a transaction. Michele emphasizes the importance of clarity regarding what is being indemnified, particularly if there are potential risks or issues that may arise in the future.