statute of limitations is the time period prescribed by law within which a right to claim, sue, or lodge a complaint must be exercised. If such a right is left unexercised for a period exceeding the prescribed time, such right shall be deemed to have lapsed, which is referred to as ‘statute of limitations
How long is the statute of limitations?
• A two-year statute of limitations for example sue for wages, sue for shipping, costs sue for rent
• 5-year statute of limitations for example sue for unpaid interest, sue for payment of an installment debt, sue for payment of installment payments for goods
• 10-year statute of limitations for example cases without a specific statute of limitations, back taxes case, Cases that have been finally adjudicated or settled
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With over 12 years of legal experience, we are the trusted experts you can rely on for all your legal needs. Our expertise spans across various legal fields, including civil and commercial law encompassing contracts, litigation, and legal proceedings; labor law to help your business avoid disputes; as well as family law, inheritance law, consumer protection law, intellectual property law, criminal law, and other legal matters. We also provide comprehensive legal consultation and registration services.