Under the CISG, what are the damages for breach of contract by one party? Does the aggrieved party have any responsibility after the breach occurs?
Damages for breach of contract by one party consist of 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 should have foreseen at the time of the conclusion of the contract as a possible consequence of the breach of contract. The aggrieved party must take such measures as are reasonable in the circumstances to mitigate the loss, including loss of profit, resulting from the breach. If he fails to take such measures, the party in breach may claim a reduction in the damages in the amount by which the loss should have been mitigated.
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