Equity means justice by fair dealing. Equity law is the law form that predated our current maritime/ statutory law. Equity law is still alive today and is capable of providing remedy in the commercial realm where various fictions of law cannot.
The process is not based on rejecting the legal system, claiming a special identity, or declaring that ordinary obligations no longer apply.
Instead, equity serves to terminate commercial disputes honorably. Smart Alec Equity is walking beside you and providing support every step of the way.