A Law Establishing the Time Limit in which a Lawsuit must be Brought is called the Statute of Limitations
Different types of cases have different statutes of limitation. Knowing which statute of limitation applies is critical, since if a lawsuit is not brought within the time limit that applies to the case, the right to sue and recover damages is forever lost.
The statute of limitations is usually relatively short and subject to a number of factors.
However, there are also different exceptions that may apply to each type of case, which may extend the statute of limitations.
Of course, regardless of the possible availability of an exception, it is always beneficial to bring a lawsuit as soon as it is practical to do so, since the availability and memory of witnesses and related physical evidence is much greater shortly after the incident than after years have passed. It is critical that you contact an attorney immediately after suffering a loss so that the appropriate statute of limitations can be determined.
At the Law Offices of Ivan P Cohen we make sure to explore all aspects of your case as soon as possible to ensure that no claims are lost as a result of untimely action.