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mitigation of damages |
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mitigation of damages A legal principle that those who are injured by a breach of contract have a duty to take all steps necessary to decrease their damages, rather than simply sitting idly by and suing the defaulting party for all sums due under the contract.A landlord has a duty to mitigate its damages and find another tenant for property,with the defaulting tenant to be given credit for the value of the replacement lease. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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