Equitable remedies are legal solutions provided by courts to address situations where monetary compensation is insufficient. These remedies aim to achieve fairness and justice, often involving actions like specific performance, where a party is ordered to fulfill their contractual obligations, or injunctions, which prevent a party from taking certain actions. Unlike legal remedies that typically involve financial damages, equitable remedies focus on restoring balance and ensuring that parties receive what they rightfully deserve. Courts consider factors such as the nature of the harm and the behavior of the parties involved before granting these remedies, emphasizing fairness over strict legal rules.