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Statute of limitations for breach of contract?

In: Law & Legal Issues, Statutes of Limitations, Contract Law [Edit categories]

Answer:

A breach of contract would be a civil suit. Most jurisdictions have a statute of limitations on bringing such cases. It varies anywhere from 2 years to much longer. Additionally, different limitations period apply depending upon whether the contract was written or verbal. It is also important to know, when trying to determine the statute of limitation, when the past performance of a requirement was under the contract (such as a partial payment of a debt). Generally, the statute of limitations will begin anew from the date of last performance (rather than dating back to the date the original debt was incurred).

Consult an attorney in your specific jurisdiction to find out what fits in your area and the nuances that apply to your facts.

Contributor:

Aggie80

First answer by Aggie80. Last edit by Anacanapanastan. Contributor trust: 200 [recommend contributor ]. Question popularity: 2 [recommend question].

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