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February 17, 2018
Mitigation of Damages
Word of the day
Mitigation of Damages
A principle of contract law that refers to the obligation of an injured party to take reasonable steps to reduce or eliminate the number of entitled damages for that party. For example, a landlord may have a duty to try to locate a replacement tenant for space vacated or abandoned by a prior tenant in breach of the lease.
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John Reilly
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