There are multiple definitions - click on the translation that matches your context.

Schadenminderungspflicht

Substantiv

partial

mitigation of damages

noun

Comparative law notes

Germany

Since the nature of the legal "duty" to mitigate is a bit different between the German and most Common Law jurisdictions (in Germany, it is more of an Obliegenheit or incumbency than a real legal requirement), a more accurate translation for the German phrase might be "incumbency to mitigate".

Definitions of mitigation of damages

English

a defence that may be used to reduce the amount of damages that a defendant in a lawsuit must pay the claimant

Doe did not sufficiently plead mitigation of damages because it was irrelevant as Malibu had elected statutory damages.

English

the legal requirement that someone who has suffered loss because of another person's breach of contract or negligence must do what they can to minimize or reduce any losses and to prevent these losses from getting worse

The court held that a party is entitled to recover expenses incurred in mitigation of damages.