Which of the following terms describes an agreement in which one party consents to protecting the other from loss and paying for the other party's losses?

An indemnification agreement is a legal contract wherein one party (the indemnitor) agrees to compensate another party (the indemnitee) for certain losses or damages that may occur. This type of agreement typically ensures that if the indemnitee encounters a loss due to certain specified risks or events, the indemnitor will cover those losses, thus providing a financial safety net and a means to protect the indemnified party from undergoing financial detriment.

Indemnification clauses are common in various contracts, especially in business dealings, where potential liabilities and risks are present. By agreeing to indemnify, the indemnitor essentially takes on a responsibility for losses that arise in connection with the agreement, which can encompass a wide range of situations, including legal fees, damages from lawsuits, and other associated costs.

In contrast, the other options denote different contractual concepts that do not encompass the protection from losses as defined by an indemnification agreement. For example, a co-tenancy lease refers to a rental arrangement where multiple tenants share a single property, while a go dark clause pertains to retail leases and addresses the obligations of a tenant to continue operating a business. A no-harm contract generally refers to agreements meant to avoid liability for harm, but does not specifically address the protection against