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The three types of indemnification include contractual indemnification, implied indemnification, and statutory indemnification. Contractual indemnification arises from a specific agreement between parties, while implied indemnification occurs based on the relationship and circumstances, irrespective of a formal contract. Statutory indemnification is set by law, holding parties responsible according to legal standards. Understanding these categories is essential when evaluating the Pump It Up Waiver Release Hold Harmless and Indemnification Agreement to ensure comprehensive protection.
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