If in business long enough just about all companies are faced with a customer or vendor who does not fulfill his end of the contract. When that occurs, it is important to understand the mitigation of damages rule.
Mediation or arbitration clauses are found in just about every standard contract these days. These alternate dispute resolution clauses should be carefully reviewed before including the clause in any contract.
With the downturn in the real estate market, some sellers are deciding not to disclose known problems with their home. More and more home buyers are taking sellers to court to recover damages for failing to disclose real property defects.