Ohio General Assembly Changes Statute of Limitations for Actions Based on Written Contracts
The Ohio General Assembly recently enacted a change to the statute of limitations applicable to actions for breach of contract. Formerly, the statute of limitations for actions based on a written contract was 15 years. Effective September 28, 2012, the limitations period for actions based on breach of contracts in writing is now eight years from the date that the cause of action accrued. ORC § 2305.06. The statute of limitations for actions based on a contract not in writing remains 6 years. ORC § 2305.07.