When To Use IEquatable And Why

From the MSDN:

The IEquatable(T) interface is used by generic collection objects such as Dictionary(TKey, TValue), List(T), and LinkedList(T) when testing for equality in such methods as Contains, IndexOf, LastIndexOf, and Remove.

The IEquatable<T> implementation will require one less cast for these classes and as a result will be slightly faster than the standard object.Equals method that would be used otherwise. As an example see the different implementation of the two methods:

public bool Equals(T other) 
{
  if (other == null) 
     return false;

  return (this.Id == other.Id);
}

public override bool Equals(Object obj)
{
  if (obj == null) 
     return false;

  T tObj = obj as T;  // The extra cast
  if (tObj == null)
     return false;
  else   
     return this.Id == tObj.Id;
}