A precedent in law refers to a legal decision or judgment made in a previous case that serves as a guide or authority for deciding future cases with similar facts or issues. Courts often rely on precedents to ensure consistency and fairness in the application of the law.
For example:
If a high court rules that a specific contract clause is invalid, lower courts are likely to follow that precedent when dealing with similar cases in the future.
Would you like me to prepare one-line explanations for all the 20 law publication words I listed?