Contractual Statute of Limitations Clauses

Summary

This template provides contractual statute of limitations clause options in a commercial contract to allow the parties to set the limitations period for a cause of action relating to the agreement. This clause often serves to reduce the applicable statute of limitations under state or federal law. This template includes practical guidance and drafting notes. For general information on drafting contracts, see Commercial Contract Drafting and Review and Commercial Contract Drafting and Review Checklist.