HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » RealEstate » mitigation of damages

Mitigation Of Damages

Definition
The obligation of the injured party to take reasonable steps to reduce or eliminate the amount of damages that party may be entitled to. A tenant is obligated to attempt to stop the flow of water from a broken pipe, for example to mitigate the damage.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.