Common use of Mitigation of Loss Clause in Contracts

Mitigation of Loss. Both PARTIES shall take reasonable steps to mitigate any loss resulting from any breach of CONTRACT by the other PARTY. Notwithstanding any other provision of this CONTRACT, the CONTRACTOR shall not be entitled to any increase to the CONTRACT PRICE, if the additional costs and/or losses arising from the event giving rise to any right to the increase in the CONTRACT PRICE is due to the CONTRACTOR's own breach and the CONTRACTOR shall be subject to a continuing obligation to make reasonable and proper efforts to mitigate such delay, cost and/or losses.