Equity in Contracts

Equity in contracts refers to fairness and justice in enforcing agreements. It emphasizes that all parties should be treated fairly and that legal remedies should not only focus on strict rules but also consider the intentions and circumstances of the parties involved. If a contract is unfair or if a party acts in bad faith, courts may apply equitable principles to ensure a just outcome, such as enforcing promises or providing remedies that go beyond simple monetary compensation, ultimately aiming to achieve a fair resolution in contractual disputes.