Statute of Limitations
The period within which a claim must be brought, running from accrual.
Limitations periods vary by state and claim type and are the first defence raised against any aggregated inventory assembled through mass advertising. In arbitration, procedural preconditions that consume months before a demand may be filed create real limitations exposure absent an effective tolling provision.
See also
- Discovery RuleThe principle that limitations begins to run when the claimant knew or should have known of the injury and its cause.
- Statute of ReposeAn absolute outer deadline running from the defendant's conduct rather than the plaintiff's injury.
- Tolling ProvisionA clause suspending limitations periods while claimants wait in a batching or bellwether queue.
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