What is the statute of limitations for business litigation?

The statute of limitations is a law that sets a limit on how long you have to bring a lawsuit or start legal proceedings for a particular type of case. In Minnesota, the statute of limitations for business litigation is six years. This means that if you want to bring a lawsuit against someone for a business dispute, you must do so within six years of the date of the incident in question. In some cases, the statute of limitations may be different depending on the type of claim being made or the damages sought by the plaintiff. In some cases, the statute of limitations may be tolled, which means it is paused or delayed, for a certain period of time. Tolling usually applies if the plaintiff was a minor or became disabled during the time period in which the claim should have been brought. In Minnesota, the tolling period depends on the specific facts and details of the situation. It’s important to keep in mind that the statute of limitations is different for each type of lawsuit and jurisdiction. It is important to consult with an experienced business litigation attorney to determine the correct statute of limitations for your specific situation. This can help ensure that your claim is brought within the required time frame.

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What is the statute of limitations for business litigation?

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