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statute of repose

A statute of repose restricts the time in which a claim may be brought against a contractor for damages arising out of defective work in improvements to real property.

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A statute of repose differs from a statute of limitation in that the time periods specified in statutes of limitations usually do not begin to run until the injury or damage actually occurs, irrespective of when the work was performed or the product was sold. Most states have a statute of repose specific to construction projects, although the laws vary with regard to the limitation periods, what is covered, and whom the statute protects.

Related Terms

The statute of limitations is a law prescribing the period within which certain types of causes of...