Damages under Contract law

Definition of damages in Uzbek law

Article 34 of the Contracts Law establishes that damages payable by the Debtor to the Creditor include all kinds of expenses incurred by a party due to non-execution or undue execution of contractual obligations, loss, deterioration or damages caused to the property, as well as loss of profits which would have been received if a breach of contract by the other party did not take place.

Having said that, neither the Civil Code nor the Contracts Law restricts the parties to a commercial agreement to limit the scope of liability with respect to payment of damages.

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Damages under Contract law

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