A statute of limitations is a legal rule that sets a time limit for bringing a legal claim or filing a lawsuit. It specifies the maximum amount of time after an event has occurred within which legal action may be taken. Once the statute of limitations has expired, a claimant may no longer sue or bring legal action against the defendant.
The purpose of a statute of limitations is to ensure that legal disputes are resolved in a timely manner and that evidence is still fresh and available. The length of the statute of limitations varies depending on the type of claim or offense and the jurisdiction where the claim is being filed. For example, a personal injury claim may have a statute of limitations of two or three years, while a claim for breach of contract may have a statute of limitations of four or five years.
If you feel that you have a cause of action for which you would like to seek legal assistance, do not hesitate, and contact The Justice Law Firm, LLC today.
Ramon.Martin@LegalJusticeMatters.com
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The Justice Law Firm, LLC