An Indemnification Document is an agreement between two or more parties in which one party waives their right to damages or legal recourse in the event of an undesirable outcome. Put simply, it’s a way to protect all involved parties from any unexpected financial losses. The document outlines the circumstances in which each party will indemnify, or cover, the other in case something goes wrong. It is an essential part of many business transactions, helping ensure everyone is properly taken care of and avoiding disputes down the line. In short, if you are ever considering engaging in a business venture, make sure you have an Indemnification Document in place!