Which of the following is an example of "contractual indemnification"?

Contractual indemnification refers to a provision within a contract in which one party agrees to compensate another party for certain damages, losses, or liabilities that may arise from the performance of the contract. This often includes losses resulting from legal claims, damages, or other financial burdens that may occur due to actions taken during the execution of the contract.

The correct choice highlights a clause that requires one party to cover another party’s losses, which encompasses the essence of contractual indemnification. It ensures that if one party suffers harm due to specific actions or failures of the other party, the responsible party is obliged to indemnify (or compensate) them for those losses. This effectively protects the injured party from the financial consequences related to the contract, creating a risk-sharing mechanism that is essential in many contractual relationships.

The other options do not pertain to indemnification. Pricing adjustments relate to how costs are structured rather than liability coverage, contract duration clauses focus on how long the agreement remains valid, and location clauses pertain to jurisdiction or venue for enforcement, none of which involve compensating for losses incurred.