In Colorado, what is the statute of limitations for suing for breach of contract?

In Colorado, the statute of limitations for suing for breach of contract is three years. This timeframe is established in the Colorado Revised Statutes, specifically under C.R.S. § 13-80-101. The three-year period begins to run from the date the breach occurs, which is critical for individuals or entities seeking to enforce their contractual rights.

Understanding this limitation is essential because if a party does not initiate legal action within this three-year window, they may be barred from recovering damages even if they have a valid claim. This aspect of contract law encourages timely resolution of disputes and protects parties from the uncertainty that can arise from potential claims that may come years after the breach has occurred.

This knowledge is particularly important for those involved in contract negotiations and enforcement, as well as for practitioners ensuring that potential claims are addressed within the appropriate timeframe. In contrast, shorter timeframes like one or two years do not apply to breach of contract claims in Colorado, while a five-year limitation is relevant for other types of legal actions such as those involving certain written contracts or property claims.