Office of General Counsel

University of Mississippi

Contract Training

Provisions that Limit the Time in which a Claim May be Brought

Photo by Robert Jordan/Ole Miss Communications Some contracts limit the amount of time during which the University may bring a claim under the contract.  For example, the contract might state that, in case of a question about invoices or services, the University “must bring a claim against the other party to the contract within one year.”  Such a provision should be deleted because it limits the University’s ability to recover against the other party and acts as a contractual “statute of limitations.”

 

 

<< Back | Continue >>

Page 24