Equal conditions for all in moderate drama (8)

I believe the answer is:

fairplay

I'm a little stuck... Click here to teach me more about this clue!

'equal conditions for all' is the definition.
I don't know anything about this answer so I cannot judge whether this works.

'moderate drama' is the wordplay.
'moderate' becomes 'fair' (similar in meaning).
'drama' becomes 'play' (synonyms).
'fair'+'play'='FAIRPLAY'

'in' is the link.

Can you help me to learn more?

(Other definitions for fairplay that I've seen before include "Just acting" , "Equity" .)

I've seen this clue in The Irish Independent.

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