Non-Retroactivity
/ˌnɒnˌrɛtrəʊˈæktɪvɪti/
Definitions
- (n.) Principle that laws or legal rules do not apply to events that occurred before the law was enacted.
The court ruled in favor of non-retroactivity, ensuring the new tax law would not apply to past transactions.
Forms
- non-retroactivity
Related terms
See also
Commentary
Non-retroactivity is crucial to uphold legal certainty and fairness, preventing laws from altering the legal consequences of actions completed before the laws were passed.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.