mitigation of damages

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Related to mitigation: Risk Mitigation, mitigation of damages, Environmental mitigation

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.

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