"Statute of limitations" is the term used for the time limit within which anyone who believes they have a claim against someone else must either take legal action or be barred forever from doing so. These time limits are inflexible, and they are established within the laws of each individual jurisdiction. They vary widely based on the legal claim involved and the jurisdiction where the lawsuit will be filed.
There are very good reasons why statutes of limitations exist. Trying a case becomes harder after a lot of time has passed for both the plaintiff and the defense. Evidence gets lost and memories lose their sharpness. Additionally, it is not fair for a business or individual who has been in a situation that may bring about a lawsuit to have to wait indefinitely for one to be filed.
The State of Texas takes defective and dangerous products very seriously. Therefore, the state legislature has enacted a 15-year statute of limitations for such claims that is one of the longest available in the state.
The law defines a products liability lawsuit very liberally. It is a lawsuit against either a seller or manufacturer to recover compensation for any type of harm caused by a defective product based on any applicable legal theory.
Even though the product liability statute of limitations in Texas is so generous, it is always a good idea to seek legal advice and start a claim as soon as possible for the best chance at obtaining full compensation. This post is general information only and is not intended as legal advice.