Ohio Statute of Limitations Shortened for Breach of Contract Claims
On March 16, Ohio Governor Mike DeWine signed Senate Bill 13 into law, which shortens the statute of limitations (“SOL”) period for lawsuits based on breach of contract. Effective June 14, 2021, the Bill reduces the SOL for actions upon an expired written contract from eight years to six, and an expired oral contract from six years to four.
Claims that have accrued before the June 14, 2021 effective date must be brought before June 14, 2027 or the remaining period under the prior 8-year SOL, whichever comes sooner. The full text of the Bill can be viewed here.
Please note there are a number of exceptions to these new statutes of limitation for specific types of contracts or claims that are subject to other limitations periods found in the Revised Code. If you would like further clarification on this Bill, please reach out to your attorney at Mansour Gavin or contact us and we will put you in touch with the appropriate practice area.
