Please Define the Following Key Terms

question 53

Short Answer

Please define the following key terms
-Yangzi River Valley

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Definitions:

Mitigate Loss

Actions taken to minimize or reduce the adverse effects or damages resulting from a breach of contract or other wrongful acts.

Severance Pay

Compensation provided to an employee who is discharged from employment, typically based on the length of employment and the reason for termination.

Legal Action

A formal proceeding taken in a court of law to enforce or defend a legal right.

Reasonable Notice

The period of advance warning that an employer must give an employee before terminating their employment or that a tenant must receive before eviction, the length of which may vary based on agreements, laws, or contracts.