Final answer:
An indemnification clause is a contractual agreement that requires one party to assume the financial consequences of another party's legal liabilities.
Step-by-step explanation:
In this case, the answer is indemnification clause. An indemnification clause is a contractual agreement in which one party agrees to compensate the other for any losses or damages that may arise from a particular event or circumstance. It requires one party to assume the financial consequences of another party's legal liabilities. For example, if two companies enter into a contract and one company indemnifies the other for any legal claims made against it, the indemnifying company would be responsible for covering the costs of any lawsuits or legal judgments resulting from the other company's actions.