A contractual clause that requires one party to assume the financial consequences of another party's legal liabilities is called:

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An indemnification clause is a contractual clause that requires one party to assume the financial consequences of another party's legal liabilities. This means that if one party incurs legal expenses due to a legal claim or lawsuit that arises from the actions of the other party, the indemnifying party will be responsible for paying these expenses.

A Contractual Clause That Requires One Party to Assume the Financial