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In this tutorial, Michele discusses the term "indemnification," explaining its relevance in contexts like contracts, settlements, and business separations. To indemnify someone means to protect them against claims or liabilities, essentially covering their back in situations involving transactions or product sales. It’s crucial that the indemnification terms clearly specify what is being covered, such as potential issues or claims related to the agreement. Understanding these terms helps ensure that all parties are aware of their responsibilities and protections in various business dealings.
