This form provides boilerplate contract clauses that limit the remedies available to the parties both under and outside the terms of the contract agreement. Several different language options representing various levels of restriction are included to suit individual needs and circumstances.
Alaska Limitation of Remedies and Damages Provisions
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FAQ
The statutes of limitations for civil cases and procedures in Alaska range from two to 10 years. Personal injury and defamation claims carry a two-year time limit, while fraud, collection of rents and debt, and judgments all have a ten-year limit.
471. A person may not commence an action under this section more than two years after the person discovers or reasonably should have discovered that the loss resulted from an act or practice declared unlawful by AS 45.50. 471.
The statutes of limitations for civil cases and procedures in Alaska range from two to 10 years. Personal injury and defamation claims carry a two-year time limit, while fraud, collection of rents and debt, and judgments all have a ten-year limit.
A person generally has three years from the date of the breach of the contract to sue for any damages that may have occurred.
(a) Except as provided in (e) of this section, an action to enforce the obligation of a party to pay a note payable at a definite time must be commenced within six years after the due date or dates stated in the note or, if a due date is accelerated, within six years after the accelerated due date.
The statute of limitations on debt in Alaska is generally three years (i.e., a breach of contract). Collection of medical bills also has a three year statute of limitations, unless the medical provider put a lien against you for the medical bills.
When it comes to real property, that is for example damages to a house, structure or land, the statute of limitations provided by the state of Alaska is six years from the date of the damage.
Formation of a contract under Alaska law requires four elements: an offer that includes all essential terms, an unequivocal acceptance, consideration, and mutual intent to be bound. Thomas v. Archer, 384 P. 3d 791, 797 (Alaska 2016).