What is the limitation period for actions related to contracts or fraud as per the Limitations Act 1980?

The limitation period for actions related to contracts, as stipulated in the Limitations Act 1980, is six years. This means that an individual has six years from the date of the cause of action to bring a lawsuit regarding a breach of contract. This rule is designed to ensure that legal disputes are resolved within a reasonable time frame, thus providing certainty to parties involved in contractual relations.

In addition, actions related to fraud also fall under this six-year limitation period. This consistency helps streamline legal proceedings and encourages parties to address grievances promptly, thereby clearing the backlog of unresolved matters over time.