Common Measure of Contract Damages, the standard measure of damages is an amount that would allow the non breaching party to buy a substitute for the benefit that would have been received if the contract had been performed. An award of compensatory damages is the most common of the legal remedies for breach of contract. The calculation of compensatory damages is based on the actual losses you have sustained as a result of the breach of contract.
Contractual Damages or General Principles and specific types of loss. Damages are an award of money made to compensate a claimant who has suffered loss or damage as a result of a wrong for which the defendant is responsible. A right to damages may arise under a statute as well as under the common law.
Major Types of Damages
Ordinary damages.
Special Damages.
Vindictive or Exemplary Damages.
Nominal Damages.
Damages for Deterioration caused by Delay.
Pre-fixed damages.