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请教懂行的大侠,这一小段英语到底是什么意思?indemnify 不是补偿或者赔偿的意思吗?谢谢了。

The Company hereby indemnifies and shall defend and hold harmless You, its parent companies and its and their subsidiaries, affiliates, officers, directors, employees, agents and subcontractors from and against all liability, damages, loss, cost or expense, including but not limited to reasonable attorneys’ fees and expenses, arising out of or in connection with any breach or alleged breach of the Agreement or any third party claims that the software or system here provided by The Company, infringes or otherwise violates any rights of any such third party.
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