What is a statute of repose?

A statute of repose is a law that sets a maximum amount of time allowed after an event before someone can bring a lawsuit. In the state of Arizona, a statute of repose is a law that sets a limit on how long an injured person can wait before filing a lawsuit due to an accident caused by the negligence of another party. This time limit is typically two years, meaning the injured person must file a lawsuit within two years from the date of the accident. The purpose of a statute of repose is to protect those who have a potential liability in an accident from being sued an indefinite amount of time after the incident. In some cases, the responsible party may no longer be able to adequately defend themselves from a lawsuit due to the amount of time that has passed. The statute of repose helps to ensure that the responsible party has enough time to build a defense in the event of a lawsuit. It is important to note that, if the injured party does not file a lawsuit within the two years allotted by the statute of repose, any claim they have against the responsible party is considered null and void. Therefore, it is important for accident victims to be aware of the statute of repose and take the necessary steps to make sure they file their claim within the allotted time frame.

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What is a statute of repose?

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