Common law relies on decisions made by judges in previous cases along with statutes and regulations made by legislatures.
What is Common law?
- In law, common law is the body of law formed by judges and comparable quasi-judicial tribunals by virtue of being declared in written decisions.
- It is also known as judicial precedent, judge-made law, or case law.
- The fact that "common law" emerges as precedent is its distinguishing feature.
- In circumstances where the parties differ on the law, a common law court looks to previous precedential decisions of competent courts and synthesizes the principles of those previous cases as applicable to the current facts.
- If a similar matter has already been decided, the court is usually compelled to follow the reasons employed in the earlier ruling (a principle known as stare decisis).
Therefore, common law relies on decisions made by judges in previous cases along with statutes and regulations made by legislatures.
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Answer:
Collectively, this body of law is called “intellectual property” law, which includes copyright, trademark, and patent laws, each applicable in various situations and each with its own set of technical rules.
