How long is the statute of limitations for a breach of contract in Maryland?

In Maryland, the statute of limitations for a breach of contract is indeed three years. This time frame starts from the moment the breach occurs, meaning that the injured party has three years to file a lawsuit regarding the breach of the contract. Understanding the statute of limitations is crucial for parties involved in any contractual agreement, as it sets a clear time boundary on when legal action can be initiated. If the injured party fails to file within this period, they may lose their right to seek legal remedy for the breach. This time limit encourages timely resolution of disputes and promotes legal certainty.

In the context of other options, one year, two years, and five years do not reflect the correct statute of limitations under Maryland law for breach of contract. The shorter time frames generally apply to other types of claims, such as tort claims or specific statutes that govern limited liability, while the longer five-year period is often associated with written contracts in other jurisdictions but does not apply in Maryland for breach of contract cases.