Equilibrium
/ɪˈkwɪlɪbrɪəm/
Definitions
- (n.) A state of balance between opposing forces or influences.
The legal system aims to maintain equilibrium between individual rights and public safety.
- (n.) A condition in which supply and demand are equal in a market.
Equilibrium in contracts ensures fair exchange of obligations between parties.
Forms
- equilibriums
Related terms
See also
Commentary
In legal drafting, 'equilibrium' often denotes a balanced state in rights, duties, or market conditions, emphasizing parity and fairness.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.