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June 15 marks the anniversary of the sealing of Magna Carta in 1215 AD. It is the cornerstone of modern legal contracts.
The Magna Carta Libertatum is a charter agreed to by King John of England at Runnymede, near Windsor and forms the basis for Western civilization and property law and rights.
First drafted by the Archbishop of Canterbury, to make peace between the unpopular King and a group of rebel barons, it promised the protection of church rights, protection for the barons from illegal imprisonment, access to swift justice, and limitations on feudal payments to the Crown, to be implemented through a council of 25 barons.
Neither side really stood behind their commitments and a war broke out. But two years later, when the war ended, a peace treaty was agreed upon and the document was reintroduced and got the name Magna Carta.
The charter became part of the English political life and was renewed by each monarch.
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