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In this tutorial, Elizabeth Potts Weinstein discusses the concept of indemnifications, defining it as compensation for hurt, loss, or damage to another party. She equates it to insurance, where one party is responsible for making up for the damages incurred by another. Weinstein emphasizes the importance of including an indemnification clause in contracts, highlighting that it ensures fairness by holding the party with more information or control over a situation accountable if something goes wrong. She illustrates this with an example involving hiring someone to write, indicating the necessity for protection in contractual relationships.
