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The Importance of Doctrine of Precedent in Common Law Systems. We discuss the doctrine of precedent or stare decisis, which is a cornerstone of common law systems. This principle requires courts to follow established legal principles set by higher courts in previous decisions. Precedents help maintain consistency and predictability in legal rulings, and promote judicial efficiency by reducing the need to re-examine settled laws. In India, the Supreme Court’s decisions are binding on all lower co
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