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In this segment of "Finally Revealed," Michele discusses the term "indemnification." Indemnification often arises in contexts like contracts, settlements, or business separations. To indemnify someone means to provide protection against claims made against them in relation to a specific circumstance or product. This concept can be understood as "covering their back." It is essential to clearly define what is being indemnified against, to ensure the responsibilities are understood if any issues arise. This clarity helps mitigate risks associated with agreements or transactions.