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Common law, also known as case law, is derived from judicial selections made by courts and tribunals. It is based on precedents established by way of prior court rulings, which become binding on future circumstances with similar facts. Common law techniques rely heavily Law News on the principle of stare decisis, which means that courts adhere to previous selections when deciding present circumstances. This sort of law is prevalent in nations with a legal system rooted in English traditions, such because the United States, Canada and Australia.