What is a statute of repose?

A statute of repose is a law that sets a limit on how long someone has to file a lawsuit after an injury or other kind of damage. In Colorado, this amount of time is generally two or three years, depending on the particular case. However, these laws also set a maximum amount of time that people can wait to file a claim before it is too late. In other words, if the injury, death, or damage occurred more than two to three years before filing the lawsuit, then it is too late to file the claim, regardless of when the injured party discovered the damage or injury. Statutes of repose are important because they help to protect people from the potential unfairness of having to defend themselves against many years-old claims. Additionally, statutes of repose help to clarify the legal landscape in terms of who is responsible for certain damages, as any claims that are older than the statutes of repose cannot be pursued. Finally, statutes of repose help to discourage people from waiting so long to file a lawsuit, as the longer they wait, the more likely it is that their claim will be barred.

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What is a statute of repose?

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