Tolling Agreement Template – US

Disclaimer

The content provided is intended solely as a general example for informational purposes related to contractual tolling arrangements in the context of legal and financial agreements. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney or legal expert specializing in contractual law or dispute resolution. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample Tolling Agreement US template, provided here for reference purposes only. Actual terms and conditions may differ based on specific negotiations and legal considerations.

Sample Tolling Agreement (US)

Parties Involved:

Party A: [Name of First Party]
Address: [Address of First Party]

Party B: [Name of Second Party]
Address: [Address of Second Party]

Purpose of Agreement:

This Tolling Agreement (“Agreement”) is entered into to extend the statute of limitations for certain claims between the parties regarding [brief description of claims or subject matter].

Term:

The tolling period shall commence on [Start Date] and shall continue until [End Date], unless terminated earlier in accordance with this Agreement.

Conditions for Tolling:

The parties agree to suspend the applicable statute of limitations during the Tolling Period, subject to the terms herein. Neither party shall initiate or pursue legal proceedings related to the claims covered unless expressly permitted under this Agreement.

Obligations of the Parties:

Both parties agree to cooperate in good faith to preserve the tolling status and not to take any actions that would negate the tolling period.

Governing Law:

This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to conflicts of law principles.

Additional Terms:

• The parties acknowledge that this Agreement is non-binding and intended solely to toll the statute of limitations.
• Any modifications to this Agreement must be in writing and signed by both parties.
• Either party may terminate this Agreement upon written notice to the other, effective immediately or as specified.

[City], ______________________