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In this tutorial, Michele discusses the term "indemnification." She explains that indemnification often arises in contexts like signing contracts, making settlements, or business separations. To indemnify someone means to protect them from claims or liabilities that may arise in relation to a specific situation, product, or agreement. It involves taking responsibility for covering potential issues that could affect the other party. Michele emphasizes the importance of clearly understanding what you are indemnifying against and ensuring that the indemnification terms are well-defined before agreeing to any contract or arrangement.
