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In this segment of "Finally Revealed," Michele discusses the term "indemnification." She explains that indemnification typically arises in contexts such as contract signing, settlements, or business separations. To indemnify someone means to protect them from claims or liabilities associated with a specific situation, often when one party is selling something to another. Michele emphasizes the importance of clearly defining what is being indemnified against, whether it pertains to potential issues if something goes wrong or other specified circumstances. Overall, indemnification involves taking responsibility for safeguarding another party against certain claims.