What is the statute of limitations for business litigation?

In California, the statute of limitations for business litigation is two years. This means that a person who wishes to file a lawsuit against another company or individual in order to resolve a business dispute must do so within two years of the incident. Any lawsuits filed outside of this two-year window may be thrown out of court due to the expiration of the statute of limitations. The two-year statute of limitations is in place to ensure that people do not wait too long to take legal action. This is especially true for business disputes, which often involve complex facts that can be hard to remember after a long period of time. If a person waited too long to file their lawsuit, the other party might be unable to adequately defend themselves due to the lack of evidence or witnesses. In certain cases, the two-year statute of limitations may be extended. For example, if a person was unaware of their rights to file a lawsuit or if they were prevented from filing a lawsuit due to some other factor, the statute of limitations may be extended to give them a chance to file the lawsuit. It is important to note that each state has its own statute of limitations, so it is important to consult a local attorney if you have any questions regarding business litigation. An attorney can provide you with sound legal advice and help you understand any relevant laws in your state.

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What is the statute of limitations for business litigation?

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