👉 Indemnifying in the legal context refers to a party's obligation to provide protection against liability for an action or damage that they have caused. This can be achieved through various methods, including insurance policies and agreements with third parties. In contract law, indemnification is a common practice where one party agrees to pay another's financial loss as compensation if the other party breaches a contractual obligation. For example, in a car accident case, an insurer might agree to cover the damages of the other driver if
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