Law is a set of social or governmental rules that create a framework for a society to ensure that people behave responsibly and that they are protected. The precise meaning of law is subject to debate, but a core understanding of the importance of law involves recognizing the need for checks and balances on government power. This includes the need for a free press and freedom of expression, as well as mechanisms for resolving disputes and protecting liberties and property rights.

In a democracy, the political landscape is shaped by the laws made and enforced, and is different from nation to nation. Many of the basic elements are the same across nations, however. For example, contract law regulates the exchange of goods and services, and property law defines a person’s rights and obligations toward tangible property (i.e., land and buildings) as well as intangible property (i.e., stock options and bank accounts).

One important aspect of the role of Law is that it provides Uniformity and certainty to the administration of justice. If the administration of justice were left solely up to the discretion of a judge, improper motives or dishonest opinions could skew the distribution of justice. This is the reason why Law exists; it protects the interests of individuals by providing a fixed set of rules to guide judges and prevent exploitation. This means that all people, regardless of wealth or status, face the same consequences for wrongdoing.