recoupment definition

recoupment

Direct or indirect recovery of funds spent (such as R&D costs) on an activity (such as from licensing the resulting know how).

Right of a defendant to claim elimination or reduction of the plaintiff's claim due to plaintiff's breach in performing the same contract (or failure to fulfill the terms of the same transaction) that is the subject matter of the case.

recoupment is in the Accounting & Auditing and Corporate, Commercial, & General Law subjects.

recoupment appears in the definition of the following term: cost recovery

recoupment appears in the other term: equitable recoupment doctrine

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