Legal Definitions - equilocus

Equilocus refers to something that is considered equal or equivalent in value, standing, or position.

Here are some examples to illustrate this concept:

• Imagine a situation where two different pieces of artwork, created by different artists and using different mediums, are appraised by experts and determined to have the exact same market value. In this scenario, the artworks could be considered equilocus in terms of their financial worth, even though their artistic styles and origins differ significantly.

  This illustrates equilocus because despite their differences, both items hold an identical monetary valuation, placing them at an equal financial standing.

• Consider a business negotiation between two companies. One company offers a cash payment, while the other offers a package of intellectual property rights and future services. If both parties agree that the cash payment and the intellectual property/services package represent an equivalent benefit or value to the receiving party, then these two distinct offers are treated as equilocus for the purpose of the agreement.

  This example demonstrates equilocus by showing how different forms of consideration can be deemed to have equal value or standing in a contractual exchange.

• In a legal settlement involving the division of assets, if two beneficiaries are each awarded a different set of items (e.g., one receives a specific property, the other receives a combination of financial investments and personal belongings), but the total appraised value of each set is precisely the same, then these distributions are considered equilocus.

  Here, equilocus highlights that even with different components, the final outcome for each beneficiary is an equal share in terms of overall value.