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In this tutorial, Michele discusses the term "indemnification," emphasizing its context in contracts, settlements, and business separations. To indemnify means to protect or cover someone against claims or liabilities related to a specific situation, often in sales or agreements. Michele highlights the importance of clearly defining what is being indemnified against, such as potential risks or claims that may arise from the transaction or relationship. Understanding indemnification is crucial for ensuring that both parties are aware of their responsibilities in case something goes wrong.
