Common use of Limitations of Actions Clause in Contracts

Limitations of Actions. No action, regardless of form, arising out of this Contract may be brought by either Party more than two (2) years after the cause of the action has arisen, or, in the case of nonpayment, more than two (2) years from the date of the last payment, except where either Party, within two (2) years after a cause of action has arisen, provides the other Party in writing a notice of a potential cause of action, disclosing all material facts then known by the notifying Party concerning such cause of action, then the notifying Party may bring an action based on the matter so disclosed at any time prior to the expiration of four (4) years from the time the cause of action arose.

Limitations of Actions. No action, regardless of form, arising out of this Contract may be brought by either Party party more than two (2) years after the cause of the action has arisen, or, in the case of nonpayment, more than two (2) years from the date of the last payment, except where either Partyparty, within two (2) years after a cause of action has arisen, provides the other Party party in writing a notice of a potential cause of action, disclosing all material facts then known by the notifying Party party concerning such cause of action, then the notifying Party party may bring an action based on the matter so disclosed at any time prior to the expiration of four (4) years from the time the cause of action arose.

Limitations of Actions. No action, regardless of form, arising out of this Contract contact may be brought by either Party party more than two (2) years after the cause of the action has arisen, or, in the case of nonpayment, more than two (2) years from the date of the last payment, except where either Partyparty, within two (2) years after a cause of action has arisen, provides the other Party party in writing a notice of a potential cause of action, disclosing all material facts then known by the notifying Party party concerning such cause of action, then the notifying Party party may bring an action based on the matter so disclosed at any time prior to the expiration of four (4) years from the time the cause of action arose.