WHAT IS A “STATUTE OF LIMITATIONS”
A statute of limitations is a law which places a time limit on pursuing a legal remedy in relation to wrongful conduct. After the expiration of the statutory period, unless a legal exception applies, the injured person loses the right to file a lawsuit seeking money damages or other relief.
FLORIDA STATUTE OF LIMITATIONS:
A legislative enactment which limits the time within which a a plaintiff may initiate a claim. In Florida, a court action must be brought within four years of the date of injury. A contract action within five years of when the cause of action occurs.