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A tolling agreement is one that seeks to waive the right to stop a lawsuit due to expiration of the relevant laws. This is aimed at giving the parties enough time to evaluate the legitimacy of their cases.

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What is a tolling instrument?

A tolling instrument is a legal agreement that allows parties to temporarily suspend the statute of limitations on a legal claim, effectively "tolling" or pausing the time period within which a lawsuit must be filed. This is often used in negotiations or when additional time is needed to gather evidence or resolve disputes without the pressure of an impending deadline. Tolling agreements can be beneficial in complex cases where parties seek to avoid litigation while working towards a resolution.


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