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Mitigate Damages
A legal principle requiring a party suffering loss to take reasonable action to minimize the extent of the damage resulting from a breach of contract or tort.
Consequential Damages
Refers to damages that are not directly caused by a breach of contract but result from the particular circumstances of the plaintiff.
Breach of Contract
Occurs when one party in a contract fails to fulfill their obligations as per the agreement, thus violating the contract.
Consequential Damages
Indirect losses or damages that result from a breach of contract, not directly caused by the breach but a consequence of it.
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