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.

References in periodicals archive ?
79) Likewise, self-employment may constitute reasonable mitigation of damages.
Mr Liptak said: "We were surprised and concerned we were not allowed by the court to rely on those statements in our own defence or even in mitigation of damages.