Maine Limitation of Remedies, Election of Remedies, and the Cumulative Remedies Provision

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US-ND0902
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Description

This form provides boilerplate contract clauses that outline the remedies available to the parties both under and outside the terms of the contract agreement.

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FAQ

Breach of a written contract: Four years from the date the contract was broken. Breach of an oral contract: Two years from the date the contract was broken. Property damage: Three years from the date the damage occurred.

All civil actions shall be commenced within 6 years after the cause of action accrues and not afterwards, except actions on a judgment or decree of any court of record of the United States, or of any state, or of a justice of the peace in this State, and except as otherwise specially provided.

(1). An action for default under a lease contract, including breach of warranty or indemnity, must be commenced within 4 years after the cause of action accrued.

Criminal statutes of limitations in Maine are generally three years for misdemeanors and six years for felonies, although the time limit is eight years for sexual assault charges and no limit for murder or sexual assault against a victim under the age of 16.

A debt collector may not commence a collection action more than 6 years after the date of the consumer's last activity on the debt. This limitations period applies notwithstanding any other applicable statute of limitations, unless a shorter limitations period is provided under the laws of this State.

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Maine Limitation of Remedies, Election of Remedies, and the Cumulative Remedies Provision