If either of the Parties fails to fulfill its obligations under this Contract, it shall compensate the other party for all its economic losses resulting hereof.

合同一方如不履行本合同规定义务，违约方应赔偿另一方因此而遭受的全部经济损失。

youdao

Regarding any party who violate the labor contract and raise the revocation, they shall compensate the other party for the economic losses arisen.

任何一方违反规定解除劳动合同的，应当向对方赔偿因违约造成的经济损失。

youdao

Cities and towns proclaim that controls are a public good, yet they don't compensate the owners for their economic losses.

FORBES: Don't Junk Property Rights