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What is a statute of limitation?

limitation Statute
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What is a statute of limitation?

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A statute of limitation is a statute that sets the time limit within which you must file your claim in court. If you do not file your claim within the statutory time limit then you are forever barred from bringing the claim. This is why it is important you seek legal advice early on so you do not miss the particular statute of limitation that applies to your matter.

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A statute of limitation is a law that specifies the amount of time that can pass after an injury-causing event before a lawsuit must be filed. Because there are different statutes of limitations for different cases, it is important for you to discuss your situation with an attorney as soon as possible.

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