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In this section of "Finally Revealed," Michele discusses the concept of indemnification. Indemnification refers to the obligation to cover someone’s losses or liabilities, often arising in contexts such as contracts, settlements, or business separations. To indemnify someone means to protect them from claims or damages related to a specific circumstance or product. It’s crucial to define clearly what the indemnification covers, ensuring that responsibilities are understood in case of adverse situations. This concept is relevant when parties are engaged in sales, contracts, or other agreements where liability may arise.
