The act of compensating someone for harm, loss, or damages suffered, or providing security against future losses or legal liability.
From Latin 'indemnis' meaning 'unharmed, without loss,' formed from 'in-' (not) + 'damnum' (loss, damage). The legal concept developed in Roman law and entered English through French in the 17th century.
Indemnification is essentially the legal world's way of saying 'I've got your back' - it's a promise to make someone whole again after they've been harmed. The concept is so fundamental to modern commerce that most business contracts wouldn't exist without it, as it allows parties to take calculated risks.
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