Skip to main content

SponsoredBuild your website with Vincony

Disclaimer: This is not legal advice. Legislation and case law change. Always consult a qualified solicitor for your specific situation.

UK Law Reference
Full glossary
Legal term
Equity & Trusts

Equity

A body of law developed by the Court of Chancery to supplement and remedy the limitations and inflexibility of the common law. Equitable remedies include injunctions, specific performance, and rescission.

Independent editorial summary — not the official statute text. Read the official version on legislation.gov.uk.

Equity grew up alongside, rather than instead of, the common law. Where the common law offered rigid rules and remedies available 'as of right', litigants who felt those rules produced an unfair result could petition the Lord Chancellor, and eventually the Court of Chancery, for a discretionary remedy grounded in conscience. As Sir Terence Etherton MR put it in a lecture to the judiciary, equity developed as a moral and legal basis for avoiding the strict requirements of the common law, with Chancery's intervention being the exception rather than the norm.

The purpose was never to replace the common law but to soften its edges in individual cases where applying the strict rule would be unconscionable. Historically, judicial equity was intended to mitigate the rigour of the strict common law, to be responsive to the particular circumstances of individual cases — which is why equitable remedies such as injunctions, specific performance and rescission remain discretionary rather than available automatically once a wrong is proved.

Modern equity still carries the imprint of its conscience-based origins in doctrines such as clean hands, laches (delay) and undue influence, all of which allow a court to withhold a discretionary remedy from a claimant whose own conduct is tainted, even where a common law right has technically been established.

Example

A claimant who wins a breach of contract claim at common law is entitled to damages as of right, but if they instead want the court to order the defendant to actually complete the contract (specific performance), that equitable remedy is granted or refused at the court's discretion.

Related terms

Official sources

This explanation is drawn from the official sources below; every substantive statement is verified against them. For advice on a specific matter, see our find help page.