Q: How long do I have to take action if I suspect a New York breach of contract has occurred?
A:If you suspect that a breach of contract in New York has occurred, it is vital that you take action quickly. The state of New York imposes a statute of limitations on breach of contract claims. After this time period has expired, you may unable to successfully bring a claim, even if the other party’s breach is clear and without question. Therefore, it is essential to act promptly when you suspect a breach. An experienced New York business litigation attorney can guide you through the process of filing a claim.
The following is an overview of the time limitations generally imposed upon breach of contract claims in New York:
- Plaintiffs have six years to bring a claim for breach of contract where the agreement was in writing.
- Plaintiffs have six years to bring a claim for breach of contract where the agreement was not in writing.
- The six-year time period is measured from the time of the breach. However, if the plaintiff did not know about the transgression until a later time, it is possible that the clock will not start until he or she became aware.
Each breach of contract claim is unique. The statute of limitations may be reduced or extended based upon various factors, such as the terms of the contract, whether it is written or oral, for sale or lease, or the subject matter of the agreement. Therefore, it is essential to consult an experienced New York breach of contract attorney for guidance. Contact our office today at (888) 497-3410 for a consultation.