It is shown that for catalysis in general the kinetics of reactions can be discussed in terms of an extended Eyring rate equation which takes account of equilibria between free reactants and catalyst-reactant complexes as well as the equilibrium between complexed reactants and transition state. This extended equation, k(exp) = kT/h . K-ads. K-not equal, where K-ads incorporates all the complexation or Langmuir adsorption coefficients necessary is the basis of a novel understanding of the well-known compensation effect.