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In this tutorial, Michele discusses the term "indemnification," which often arises in contracts, settlements, or business separations. To indemnify someone means to protect or "cover their back," ensuring that you will take responsibility for any claims made against them related to a specified circumstance or product. It's important to clarify what exactly you are indemnifying against, especially in situations where things may go wrong. Understanding this term can help in better navigating legal agreements and responsibilities in various transactions.