Time Limits on Claims Sample Clauses
The 'Time Limits on Claims' clause sets a specific period within which parties must bring any claims or disputes arising from the contract. Typically, this means that if a party discovers a breach or issue, they must notify the other party and initiate a claim within the agreed timeframe, such as 12 or 24 months after the event or contract completion. This clause ensures that potential liabilities are not indefinite, providing certainty and finality for both parties by preventing old or stale claims from being raised long after the contract has ended.
POPULAR SAMPLE Copied 13 times
Time Limits on Claims. Claims by either party must be made within twenty-one (21) days after occurrence of the event giving rise to such Claim or within twenty-one (21) days after the claimant first recognizes the condition giving rise to the Claim, whichever is later. Claims must be made by written notice and include all facts and detailed cost data substantiating the Claim. An additional Claim made after the initial Claim has been implemented by Change Order will not be considered unless submitted in a timely manner.
Time Limits on Claims. The Owner and Design-Builder shall commence all claims and causes of action, whether in contract, tort, breach of warranty or otherwise, against the other, arising out of or related to the Contract in accordance with the requirements of the binding dispute resolution method selected in Section 1.3, within the time period specified by applicable law, but in any case not more than 10 years after the date of Substantial Completion of the Work. The Owner and Design-Builder waive all claims and causes of action not commenced in accordance with this Section 14.1.2.
Time Limits on Claims. Claims by Contractor must be made within 21 days after occurrence of the event giving rise to such claim or within 21 days after the claimant first recognizes, or reasonably should have recognized, the condition giving rise to the claim, whichever is the later. An additional claim made after the initial claim has been resolved will not be considered unless submitted in a timely manner.
Time Limits on Claims. The Owner and Vendor shall commence all claims and causes of action against the other and arising out of or related to the Contract in accordance with the requirements of the final dispute resolution method selected in this Agreement, whether in contract, tort, breach of warranty, or otherwise, within the period specified by applicable law, but in any case not more than 10 years after the date of completion of the Work. The Owner and Vendor waive all claims and causes of action not commenced in accordance with this Section 14.4.
Time Limits on Claims. The Owner and Contractor shall commence all claims and causes of action, whether in contract, tort, breach of warranty or otherwise, against the other arising out of or related to the Contract in accordance with the time limits provided by law. Nothing herein shall be construed as shortening the period of time Owner has for commencing claims to less than what is required by law.
Time Limits on Claims. 2.1 The Seller shall not be liable in respect of any Claim and any such Claim shall be wholly barred and unenforceable unless the Purchaser has given notice in writing of such Claim to the Seller:
(a) within the period of 36 months from Completion, if such Claim is a Claim for breach of any of the Fundamental Warranties;
(b) within the period of 84 months from Completion, if such Claim is a Tax Claim; and
(c) within the period of 18 months from Completion, if such Claim is any other Claim.
2.2 The Purchaser shall give notice in writing of any Claim to the Seller as soon as reasonably practicable, and in any event within 30 Business Days, following the Purchaser becoming aware of the facts, matters or circumstances giving rise to such Claim. Such notice shall include such detail as is reasonably available to the Purchaser at the time of the relevant facts and circumstances giving rise to the Claim, the Purchaser’s bona fide estimate, to the extent reasonably practicable, of any alleged loss and the specific Seller Warranties or other provisions of this Agreement which are alleged to have been breached.
2.3 To the extent the fact, matter, event or circumstance giving rise to a Claim is capable of remedy, the Seller shall not be liable for such Claim if and to the extent that it is remedied to the reasonable satisfaction of the Purchaser within 30 Business Days of the date of the notice referred to in paragraph 2.1.
2.4 The Seller shall not be liable in respect of any Claim, and any liability of the Seller in respect of such Claim shall absolutely determine and cease, to the extent not previously satisfied, withdrawn or settled, unless legal proceedings in respect of such Claim have been issued and served within 12 months after the date of the notice referred to in paragraph 2.1 is given.
Time Limits on Claims. Contractor Claims must be made by written notice within 14 days after the occurrence of the event giving rise to such Claim or within 14 days after the Contractor would have reasonably first recognized the condition giving rise to the Claim, whichever is later. Claims for additional time and additional compensation must be made in accordance with the conditions of this Article. Such written notice of Contractor Claims shall be complete. Written notice which is incomplete and only partially identifies a claim, with wording such as ‟(time or cost) impact to be determined at a later date” or ‟we reserve the right to claim additional (time or cost) at a later date” will not be considered.
Time Limits on Claims. Except as provided in Subparagraph 6.2.6 below, and except for Claims asserted by the Authority, Claims by any Person that are discovered during the performance of the Trade Contractor Work must be made within twenty-one
Time Limits on Claims. The Owner and Contractor shall commence all claims and causes of action, whether in contract, tort, breach of warranty or otherwise, against the other, arising out of or related to the Contract in accordance with the time period specified by applicable law.
Time Limits on Claims. Claims shall be made within sixty (60 ) days after occurrence of the event giving rise to such Claim or within 60 days after the claimant first recognizes the condition giving rise to the Claim, whichever is later. Claims shall be made by written notice to the Authority and shall be fully documented. The failure to give notice of any Claim in accordance with the foregoing shall constitute waiver of such Claim.