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This valuable report has been completely updated since it first appeared in 2002: it includes accounts of all the most recent important cases and highlights significant changes in the way that the courts now assess damages. It sets out a systematic approach for assessing the remedies available for various types of breach of contract, what the remedies mean in terms of compensation and how the compensation is calculated. It also examines recent case law as well as classic earlier cases and explores the issues involved; in particular the defences. The report provides numerous examples of effective drafting of terms for controlling and limiting remedies - as well as illustrating the type of poor drafting to be avoided. Plus it also includes helpful tables, figures and calculations and a search analysis of the mathematical and financial implications of awarded damages.