What is the statute of limitations for business litigation?
The statute of limitations for business litigation in Massachusetts is generally three years. This means that any lawsuit brought by a person or business involving a contract or any other business-related claim must be brought within three years of the underlying incident or occurrence that is in dispute. The statute of limitations is a law that determines the amount of time a person or business has to bring a lawsuit against another person or business in court. It is important to take note of the statute of limitations, as it is the deadline for filing a lawsuit in court. It is important to note that this statute of limitations only applies to civil claims, not criminal ones. Also, some statutes of limitations may differ depending on the type of case being brought to court. For example, the statute of limitations for slander claims in Massachusetts is one year, while the statute of limitations for personal injury claims is three years. Therefore, it is important to research the statute of limitations relevant for each case. It is also important to note that even if a person or business knows the proper statute of limitations for a case, they should not wait until the very last minute to file a lawsuit. Once the statute of limitations expires, a person or business may not have another chance to file a lawsuit. It is always best to file a lawsuit as soon as possible.
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