Mitigation is the process of reducing exposure to risk. A company may want to take certain actions to minimize potentially harmful situations even if the situation is of no fault of their own. For example, if a company hires a new employee with a contract stating that he or she will work for the business for at least one year and the employee quits after two months, then the company would need to mitigate damages by filling the vacancy as soon as possible. The company would still be in a position to sue the employee for breach of contract, but actions still need to be taken to mitigate situations.
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