Limitation

Limitation is a legal term that means you can no longer enforce a claim after a certain period of time. For example, if someone owes you money, you can no longer demand it legally after three years if you haven’t taken any action.

For residents in Germany or Austria, it is crucial to know these deadlines, as claims, such as for damages (§ 195 BGB), become unenforceable after the limitation period expires. Common mistakes include not keeping track of deadlines or failing to act in time.