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Introduction
Given the large number of works on the law of damages, one would expect the definition of damages to be fixed and beyond dispute, but it appears that this is not so. The existence of remedies and, in particular, damages is vital for the effective operation of contract law. Without effective remedies, the law of contract would lose much of its force and value, and the market economy, which it aims to support and facilitate, would be substantially undermined. In common law, damages are the primary remedy for breach of contract. In case of commercial contracts, damages are the most commonly claimed remedy by the commercial people.