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KRS Chapter 413. . 010 Action for recovery of real property -- Fifteen year limitation.
Most civil rights lawsuits in the state of Kentucky have a 1 year statute of limitation from the date the injury occurred.
The settlement and release agreement will effectively end a dispute and establish the terms the parties agree to, including payments. It will be incredibly important to detail the claim that is being settled to release a party from liability, as releases may apply only to certain categories of claims.
Time limits for most types of civil cases in Kentucky range from one to five years, while there is no limit for felonies committed in the Bluegrass State.
Oral contracts | Claims involving oral contracts have a five-year statute of limitations. Written contracts | Claims involving written contracts have a 15-year statute of limitations. Personal injury claims | Some personal injury claims have a one-year statute of limitations.
A settlement agreement, also called a release, is a binding contract that settles a lawsuit or potential lawsuit between two or more parties and stipulates that no lawsuit can be filed in the future. The courts encourage parties to resolve their dispute through a settlement agreement rather than through the courts.
Small claims court is a part of the district court. It handles claims for $2,500 or less and is not as formal as other Kentucky courts. The rules of evidence and the process are simpler than other courts. It's easier to represent yourself without a lawyer, but you can have a lawyer if you want.