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Michele introduces the concept of "indemnification" in this tutorial. She explains that indemnification often arises in contexts such as contract signing, settlements, or business separations. To indemnify someone means to "cover their back," implying that you will take responsibility for any claims made against them related to a specific circumstance or product. Michele emphasizes the importance of clarity regarding what exactly is being indemnified against, particularly in situations where something may go wrong. This understanding is crucial when entering agreements where indemnification clauses are included.
