Precedent plays a crucial role in the legal system by providing a foundation for decision-making in future cases. When a court decides a case, it sets a precedent that must be followed by lower courts in similar cases. This principle, known as stare decisis, ensures consistency and predictability in the law. Courts often look to past cases with similar facts to guide their decisions and apply the same legal principles. This creates a body of case law that forms the basis of the legal system. Judges are bound to follow precedent unless there is a compelling reason to deviate from it. While precedent is important in maintaining the rule of law, it is not inflexible. Courts have the power to overrule or distinguish precedents when circumstances warrant a different outcome. This flexibility allows the law to evolve and adapt to changing societal norms and values. In conclusion, precedent serves as a cornerstone of the legal system, providing guidance and consistency in decision-making while also allowing for flexibility and growth. Understanding the role of precedent is essential for anyone studying or practicing law.