statute of repose
Definition
Statute of limitations applicable a fixed number of years after a party to a contract (such as an architect, builder, contractor) has acted in a certain way (has performed his or her part of the contract). Its application is not contingent upon the occurrence of damage or injury to the other party to the contract (such as the client or owner of the project).
Popular 'Corporate, Commercial, & General Law' Terms
statute of repose in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/statute-of-repose.html
