What does it mean to follow precedent?

: a judicial decision that should be followed by a judge when deciding a later similar case — see also stare decisis — compare dictum. Note: To serve as precedent for a pending case, a prior decision must have a similar question of law and factual situation.

What is a unit holder agreement?

What Is A Unitholders Agreement? A Unitholders Agreement is a contract between the different unitholders or the owners of a trust (and sometimes between the trustees themselves). Put simply, it sets out how that trust will be managed — setting out the rights and responsibilities of each owner.

Can you take precedence synonym?

What is another word for take precedence?

outweigh override
overcome predominate
prevail be greater than
be superior to prevail over
take priority over have the edge on

Why do courts follow precedent?

The Importance of Precedent. In a common law system, judges are obliged to make their rulings as consistent as reasonably possible with previous judicial decisions on the same subject. These decisions are not binding on the legislature, which can pass laws to overrule unpopular court decisions.

How do you use the word precedent?

Precedent in a Sentence 🔉

  1. The judges had no precedent to review before making their decision on the controversial case.
  2. When the court voted in favor of same-sex marriage, it had no idea of the precedent it was setting for future generations.

Are precedent and antecedent synonyms?

Antecedent is used as an adjective or a noun and as a noun, it refers something that go ahead of another. Precedent is referred as an adjective or a noun. When it is used as a noun, it refers to an event that is happened before and can be represented as an example.

What is the opposite of precedence?

What is the opposite of precedence?

inferiority lowliness
humbleness inferior position
inferior status secondary position
secondary status

What do you need to know about unitholders agreement?

A Unitholders Agreement is an agreement between unitholders and the Unit Trust trustee. It overrides a Unit Trust Deed. It sets out how the unit trust is managed.

What’s the difference between unit holders Agreement and Unit Trust?

A Unit holders Agreement is a contract between the unit holders of a Unit Trust. Unit holders Agreements govern the relationship between unit holders in a Unit Trust.

How are unitholders agreement and deed of accession different?

The Deed of Accession, provided as part of our Unitholders Agreement, enables a speedy and simple binding of new unitholders to the Agreement. A Unitholders Agreement is a contract between the unitholders. It overrides a Trust Deed. It states how the Unit Trust is managed and how the Unitholders behave amongst themselves.

How are compulsory transfer clauses included in unitholders agreements?

Their unitholders agreement included a compulsory transfer clause where the majority of the unitholders could force a unitholder out by giving them written notice. In this case, the majority wanted one particular doctor out and gave that notice.