This is an agreement in which the parties waive any defense under any statute of limitations which would otherwise arise during the period specified. This form may be modified to adapt to the circumstances.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
It's smart to have a lawyer look it over to make sure everything is in order and that both parties clearly understand the terms.
Yes, once both parties sign the agreement, it usually becomes legally binding and can be enforced in court.
If one party doesn't stick to the terms, the other party may have legal grounds to pursue their claim despite the tolling agreement.
Yes, it's a mutual understanding. Both sides need to be on the same page and agree to pause the time limit.
The duration can vary, depending on the specifics of the agreement and the nature of the case. It's essential to define this in the agreement itself.
Sometimes, parties need extra time to negotiate or gather evidence. This agreement helps them avoid the pressure of a ticking clock while still keeping their rights intact.
It's basically a legal agreement that pauses or 'tolls' the clock on the time limit for filing claims. This gives folks a bit more breathing room to sort things out.
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