Statute of Limitations for Breach of Contract Claims
In Colorado, a claim for breach of contract is generally subject to a three-year statute of limitations. C.R.S. § 13-80-101(1)(a). The time for bringing a claim begins to run “on the date the breach is discovered or should have been discovered by the exercise of reasonable diligence.” Id. § 13-80-108(6). Although most breach of contract claims are subject to this limitations period, some claims are subject to a shorter period of time. For example, claims for construction defects, whether asserted as a breach of contract claim or as negligence, are subject to a two-year statute of limitations. Id. § 13-80-104.
If you believe that you have a claim for breach of contract, it is imperative that you contact an attorney to determine how much time you may have to file a claim. Although the three-year rule provides a general guideline, certain claims are subject to shorter periods of time and the date upon which the breach of contract claim begins to run may require an attorney to determine. In some cases, a breach of contract claim can begin to run on the date that the contract is signed.