No Requirement for Mitigation Clause Samples
The "No Requirement for Mitigation" clause establishes that a party is not obligated to take steps to reduce or minimize losses or damages that may arise under the agreement. In practice, this means that if one party suffers harm due to the other party's breach or other triggering event, the injured party is not required to seek alternative solutions, incur additional expenses, or otherwise act to lessen the impact of the loss. This clause is typically used to allocate risk more clearly by removing the expectation that the non-breaching party must actively work to reduce damages, thereby simplifying claims and potentially increasing the amount recoverable in the event of a dispute.
No Requirement for Mitigation. For purposes of clarity, a Director is not required to mitigate his damages if the Director’s contract is terminated before the completion of the guaranteed period, and there shall be no deduction from the Gross Remuneration payable to the Director on account of such mitigation.