Recoupment
August 21, 2019
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The term recoupment has several meanings:
- To recover a loss by a subsequent gain.
- In a pleading, to set forth a claim against the plaintiff when an action is brought against one as a defendant.
- Keeping back of something that is due, because there is an equitable reason to withhold it.
- A right of the defendant to have a deduction from the amount of the plaintiff’s damages, for the reason that the plaintiff has not complied with the cross-obligations or independent covenants arising under the same contract.
