Equity in Contract Law

Equity in contract law refers to a set of principles that provide fairness and justice beyond strict legal rules. When traditional contracts might result in unfair outcomes, courts can apply equitable remedies—like injunctions or specific performance—to ensure fairness. Unlike common law, which emphasizes strict adherence to written terms, equity considers the context and intentions of the parties. It aims to prevent unjust enrichment or harm by offering remedies that promote fairness, especially in situations where applying the law literally would lead to an unfair result.