If you are involved in a contract dispute in California, it`s important to understand the statute of limitations for breach of contract claims. This statute sets a time limit for filing a lawsuit after a breach of contract occurs.
Under California law, the statute of limitations for breach of a written contract is generally four years from the date of the breach. For oral contracts, the statute of limitations is two years from the date of the breach.
It`s important to note that the clock starts ticking on the statute of limitations from the date of the breach, not from the date that the damage resulting from the breach is discovered. This means that even if you didn`t realize there was a breach until years later, you may still be subject to the statute of limitations.
There are some exceptions to these general rules, however. For example, if the contract is for the sale of goods under the UCC (Uniform Commercial Code), the statute of limitations is four years from the date of delivery of the goods. Additionally, if the contract involves real property, the statute of limitations is five years for breach of a written contract and three years for breach of an oral contract.
It`s also worth noting that in some cases, the parties to a contract may agree to a shorter statute of limitations. However, such agreements must be in writing and must be clear and conspicuous.
If you believe that your contract has been breached and you are considering legal action, it`s important to act quickly to ensure that you are within the statute of limitations. Working with an experienced attorney can help you navigate the complexities of contract law and ensure that your rights are protected.