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Terms Used In Vermont Statutes Title 12 Sec. 465

  • Contract: A legal written agreement that becomes binding when signed.
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.

§ 465. Limitations or waiving limitation of actions in contracts

Except as otherwise provided by statute, any provision in a contract which limits the time in which an action may be brought under the contract or which waives the statute of limitations shall be null and void. (1961, No. 187.)