Common use of Time Limit for Claims Clause in Contracts

Time Limit for Claims. 7.1. No legal proceedings may be commenced later than two years after the date on which the party bringing the claim became aware or ought reasonably to have become aware of the act or omission on which the claim is based. 7.2. In any event, no legal proceedings may be commenced more than four years after the date of the act or omission on which the claim is based.

Time Limit for Claims. 7.1. No legal proceedings may be commenced later than two years after the date on which the party bringing the claim became aware or ought reasonably to have become aware of the act or omission on which facts giving rise to the claim is basedclaim. 7.2. In any event, no legal proceedings may be commenced more than four years after the date of the act or omission on which the facts giving rise to the claim is basedoccurred.

Time Limit for Claims. 7.1. No legal proceedings may be commenced later than two years after the date on which the party bringing the claim became aware or ought reasonably to have become aware of the act or omission on which facts giving rise to the claim is basedclaim. 7.2. In any event, no legal proceedings may be commenced more than four years after the date of the act or omission on which the claim is based.

Time Limit for Claims. 7.1. No legal proceedings may be commenced later than two years after the date on which the party bringing the claim became aware or ought reasonably to have become aware of the act or omission on which the claim is based. 7.2. In any event, no legal proceedings may be commenced more than four years after the date of the act or omission on which the claim is based.