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In this tutorial, Michele discusses the term "indemnification," which often arises in contractual contexts, such as settlements or business separations. Indemnifying someone means to protect or "cover their back," taking responsibility for any claims made against them related to a specific situation, product, or transaction. It’s crucial to clarify what the indemnification covers, especially if issues arise. The concept emphasizes ensuring both parties understand their responsibilities and the scope of protection involved in the agreement.
