California Civil Statute of Limitation Laws
In every state, there exist laws that limit the amount of time you have for filing a civil lawsuit against any business. These statutes are designed to create a sense of reason and fairness when filing lawsuits. Generally speaking, these laws are there to prevent people from hanging a potential lawsuit over someone's head for an extended period of time. Below is a short summary of civil statutes of limitations legislated by the state of California:
- Personal injury lawsuits have a statute of limitation of two years.
- Fraud lawsuits have a statute of limitation of three years.
- Written contracts have a statute of limitation of four years.
- Breach of oral contracts must be filed within two years.
- Collection of debt on an account has a statute of limitation of four years.
- Libel and slander lawsuits have a statute of limitation of one year.
These statutes of limitation are intended to ensure that the offending party of a lawsuit is made aware that he or she committed, or may be accused of committing, some level of wrongdoing against another party. If too much time has passed, as stipulated by the above limitations, then the opportunity to file suit will likely be lost.
Don't Face Your Legal Challenges Alone
At the end of the day, facing a legal battle with your business is a serious issue that requires experienced legal counsel. At Gray & Associates P.C., we're committed to safeguarding your financial interests while also working to grow your business. As our principal attorney, Nancy Gray firmly stands beside all of her clients from the moment the business is formed, up through any and all challenges that lie ahead. Gray & Associates is equipped to advise on a variety of different business matters, including liability issues, contracts and agreements, employment issues and disputes, and risk management.
We are confident that we are well equipped to serve your business needs and protect your interests — even if that means going to court. Our extensive litigation and negotiation experience can help protect your business while also advocating for your needs every step of the way. So if you are looking for experienced legal counsel and representation for your business, don't wait. Call Gray & Associates to find out how we can help ensure a successful future for you and your business today.