Previously on this blog, we discussed the basics you should know about Florida’s statute of limitations law.

Today, we’re reviewing the standard SOL period associated with matters that often result in civil litigation.

1. Written and verbal contracts

Some of the most common civil actions arise out of breach of contract claims.

If your business has sustained financial or other damages as a result of a matter involving a written contract, the standard statute of limitations period is 5 years. If the matter involves an oral/verbal contract or agreement, the SOL period is only 4 years.

Slander, libel and/or defamation

I’ve often said, “It takes your whole life to develop your word and your reputation. It takes a second to lose it.”

When it comes to building a business, the last thing you need is for someone to defame or slander you or your business to current or potential customers.

If you’re a victim of slander, libel or defamation, you may have sustained damages to your personal and professional reputations, in addition to substantial monetary damages. To legally recover those damages, you must file a lawsuit in Florida courts within 2 years of the incident.

Fraudulent actions of another

Unfortunately, in this economy incidents of fraud continue to rise. Although you cannot control the actions of another person, you can do your best to protect your own interests.

If you’ve suffered financial, physical or emotional damages due to the fraudulent actions of another person or entity, you have 4 years from the date you were injured to seek legal remedies for your losses.

Professional malpractice

Incidents of professional malpractice are probably more common than you realize.

You only have 2 years to file a lawsuit for losses caused by malpractice. If you fail to sue within the time allowed,  you may be unable to recover damages or seek any other legal remedies.

Is your statute of limitations approaching?

It is in your best interests to consult an experienced Florida attorney sooner rather than later to discuss which statute of limitations period applies to your case.

It’s disheartening for anyone to learn they cannot recover the damages they sustained due to the negligence or wrongful conduct of another person or business.

If you believe you (or your business) is a victim of any wrongdoing, contact our Florida attorneys to discuss your legal options.