statute of repose

plural statutes of repose

1. lawA law that sets a time limit for legal liability starting from the occurrence of a specified act (typically completion of a product or point of sale).

   Statutes of repose are a compromise of the interests of consumers on the one hand and of manufacturers and sellers on the other.

   2011, Donald L. Carper, John A. McKinsey, Understanding the Law, →ISBN, page 334

   2 more examples

   Therefore, a plaintiff's cause of action may be extinguished by the statute of repose before the applicable statute of limitations time period expires, and a statute of repose may start running before a plaintiff's cause of action accrues.

   2007, D. Alan Rudlin, Toxic Tort Litigation, →ISBN, page 74

   Although twenty-two states have adopted a product liability statute of repose, these statutes frequently provide little if any comfort to a product manufacturer. For a statute of repose to offer true repose, it must provide a basis for a defendant to move to dismiss or for summary judgment.

   2016, John S. Allee, Theodore V. H. Mayer, Robb W. Patryk, Product Liability, →ISBN, page 8-84

   Synonyms: nonclaim statute