Monad package:base-prelude

The Monad class defines the basic operations over a monad, a concept from a branch of mathematics known as category theory. From the perspective of a Haskell programmer, however, it is best to think of a monad as an abstract datatype of actions. Haskell's do expressions provide a convenient syntax for writing monadic expressions. Instances of Monad should satisfy the following: Furthermore, the Monad and Applicative operations should relate as follows: The above laws imply: and that pure and (<*>) satisfy the applicative functor laws. The instances of Monad for lists, Maybe and IO defined in the Prelude satisfy these laws.
When a value is bound in do-notation, the pattern on the left hand side of <- might not match. In this case, this class provides a function to recover. A Monad without a MonadFail instance may only be used in conjunction with pattern that always match, such as newtypes, tuples, data types with only a single data constructor, and irrefutable patterns (~pat). Instances of MonadFail should satisfy the following law: fail s should be a left zero for >>=,
fail s >>= f  =  fail s
If your Monad is also MonadPlus, a popular definition is
fail _ = mzero
Monads having fixed points with a 'knot-tying' semantics. Instances of MonadFix should satisfy the following laws: This class is used in the translation of the recursive do notation supported by GHC and Hugs.
Monads in which IO computations may be embedded. Any monad built by applying a sequence of monad transformers to the IO monad will be an instance of this class. Instances should satisfy the following laws, which state that liftIO is a transformer of monads:
Monads that also support choice and failure.
The ArrowApply class is equivalent to Monad: any monad gives rise to a Kleisli arrow, and any instance of ArrowApply defines a monad.