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Damages (Art 74 – 77) Article 74: General rule for measuring damages Damages for breach of contract by one party consist of a sum equal to the loss, including loss of profit, suffered by the other party as a consequence of the breach. Such damages may not exceed the loss which the party in breach foresaw or ought to have foreseen at the time of the conclusion of the contract, in the light of the facts and matters of which he then knew or ought to have known, as a possible consequence of the breach of contract Damages (Art 74 – 77) Article 75: Measurement of damages when contract avoided If the