What are the damages for breach of contract when one of the parties has broken the contract?

An issue that can be seen to arise deals with the remoteness of damages in contract. Typically reference is made to the English case of Hadley v. Baxendale (1854), 9 Exch. 341, and the following quote: Where two parties have made a contract which one of them has broken, the damages which the other party ought to receive in respect of such breach of contract should be such as may fairly and reasonably be considered either arising naturally, i.e., according to the usual course of things, from such breach of contract itself, or such as may reasonably be supposed to have been in the contemplation of both parties, at the time they made the contract as the probable result of the breach of it.