What does Duty To Mitigate mean? Read on to discover the definition & meaning of the term Duty To Mitigate - to help you better understand the language used in insurance policies.
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 aggrieved party from obtaining compensation for avoidable losses. See also mitigation of damages.
We hope the you have a better understanding of the meaning of Duty To Mitigate.