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The benefit of a declaratory judgment is that it prevents lawsuits that are likely to be unsuccessful, which saves the courts, and ultimately taxpayers, resources and time. A policyholder that receives an unfavorable declaratory judgment is unlikely to file a lawsuit, as the suit is much more likely to be dismissed.
Since there is no limitations period specifically addressed to the declaratory judgment action, it generally falls under the ?catch-all? provision of CPLR 213[1] and gets six years as ?an action for which no limitation is specifically prescribed by law.? That being the case, you assume1 your declaratory judgment cause ...
So what is a "declaratory judgment" lawsuit? This answer is this: It's a lawsuit that a plaintiff files in which the plaintiff asks the court to "declare" through issuance of a "declaratory judgment" what the respective rights of the parties are.
Ga. 2001). Under these circumstances, the court's guidance through a declaratory judgment tells the litigant whether its proposed course of conduct or business will subject them to future damages. This procedure assists in relieving the insecurity or uncertainty associated with a proposed course of action.
Georgia Breach of Contract Claims The Georgia statute of limitations for breach of written contract claims is six years. O.C.G.A. §9-3-24 Oral contracts only get four years.
A declaratory judgment is a binding judgment from a court defining the legal relationship between parties and their rights in a matter before the court. When there is uncertainty as to the legal obligations or rights between two parties, a declaratory judgment offers an immediate means to resolve this uncertainty.
For example, a policyholder believes that their denied claim is unjust. As a result, they inform the insurer that they are considering a lawsuit to recover losses. The insurer seeks a declaratory judgment to clarify its rights and obligations with hopes of preventing the lawsuit.
What Is a Declaratory Judgment Action? In the event of a legal controversy, both parties generally want to avoid any legal uncertainty and insecurity that could arise out of a dispute. A common way of eliminating this uncertainty is with a declaratory judgment action, also called a declaration.