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Statute of Repose
A statute of repose is similar to a statute of limitations in that it sets a specific time limitation on claims that may be brought against a particular party. A statute of repose sets a maximum or outside time limit after which a cause of action cannot be brought.
A statute of repose that applies to the construction of a structure begins to run from the time of the completion of the construction, rather than from the time of any injury.
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