duty to mitigate definition

duty to mitigate

Aggrieved (or non-breaching) party's obligation to make reasonable efforts to limit additional losses, after a damaging event (or a breach of contract) has occurred. Failure in this duty may prevent the aggreieved party from obtaining compensation for avoidable losses. See also mitigation of damages.

duty to mitigate is in the Corporate, Commercial, & General Law and General, Marine, & Life Insurance subjects.

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