In law, damages are an award, typically of money, to be paid to a person as compensation for loss or injury;. The rules for damages can and frequently do vary based on the type of claim which is presented (e.g., breach of contract versus a tort claim).
Read more about Damages: Compensatory or Expectation Damages, Example, Quantification of Personal Injury Claims, Various Matters, Statutory Damages, Nominal Damages, Punitive Damages (non-compensatory), Contemptuous Damages, Aggravated Damages, Restitutionary or Disgorgement Damages, Legal Costs, History
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“According to the law of nature it is only fair that no one should become richer through damages and injuries suffered by another.”
—Marcus Tullius Cicero (106–43 B.C.)