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Legal Blog:
Nov
01
2008
Limitations Revisited
On January 1, 2004, the Ontario government, after years of attempts to modernise the Limitations Act (the “Old Act”), proclaimed in force the Limitations Act, 2002 (the “New Act”). The New Act made two major changes to the Old Act. It reduced the basic limitation period from 6 years to 2 years and it added a 15-year ultimate limitation period. What does this mean to the construction industry? Lots.
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