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In this section, Michele discusses the term "indemnification," explaining its relevance in various contexts such as contracts, settlements, and business separations. To indemnify someone means to cover their responsibilities, protecting them from claims or issues that may arise related to a transaction or agreement. This means taking responsibility for potential problems or claims against that person concerning the specified product or circumstance. It is crucial to clearly define what is being indemnified to ensure all parties understand their responsibilities in the event of something going wrong.