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| Date: | Fri, 4 Jan 2008 13:40:47 -0500 |
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David,
Statutes of limitations on contracts usually exist in state statutes. In Pennsylvania it is four years. In your state it probably is different. Federal statutes may apply depending on what the contract is for and who it is with.
As per usual, there is no escaping doing your legal research for your specific situation.
Good luck,
Gary
Gary Link, CRM
Corporate Records Manager
Astorino
227 Fort Pitt Blvd.
Pittsburgh, PA 15222
(412) 765-1700
www.Astorino.com
-----Original Message-----
From: David Ives [mailto:[log in to unmask]]
Sent: Friday, January 04, 2008 1:15 PM
To: [log in to unmask]
Subject: [RM] Limitation of action or Statue of limitations for Contracts??
Good day All!
I have read that a reasonable amount of time to retain contracts (ex:
service agreements, vendor contracts...) would be until they expire and then add 6 years, the logic being that most lawsuits would happen within that time frame. Do any of you happen to know of a specific citation for this or have perhaps more explicit reasoning? I can't seem to find anything conclusive. Any help would be greatly appreciated!!
Thank you!
David
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