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WithCatz

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WithCatz

Re: knick post# 245420

Wednesday, 10/27/2010 6:15:00 PM

Wednesday, October 27, 2010 6:15:00 PM

Post# of 730690

If you're up against a deadline for filing, based on Statute of Limitations or similar, you can go ahead and file and stop that clock.

OR, you can execute a tolling agreement to remove the "defense" of SOL being expired.

It's a win-win thing usually, the party nearing the expiration of a SOL (or similar) gets effectively an extension, and the other party doesn't have to have a lawsuit on their hands.

But the right to file a lawsuit is maintained. And if a "tolling agreement" is signed, a future filed lawsuit is viable and legal.


.... Please, just call me Catz ;) - - - - - {and the requisite, all IMHO, do your own due diligence, and make your own investments}

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