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Some businesses and industries often observe indemnity. This is to put security or protection on their business against a loss. When we say indemnification, what usually comes to our mind is the word 'to hold harmless', which refers to one's actions. To further elaborate on the terms and conditions of your indemnity, you need to construct your indemnification agreement. It is a Legal Agreement that holds a company or business for any burden, damage, or loss.
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