What is the statute of limitations for bringing a contract action in Minnesota?

In Minnesota, the statute of limitations for bringing a contract action is set at six years. This means that individuals or entities have six years from the date of the breach of the contract to file a lawsuit. This timeframe is established in Minnesota Statutes § 541.05, which specifically addresses the limitations period for different types of legal actions, including contracts.

Understanding this timeframe is crucial for both plaintiffs and defendants involved in contract disputes. If a party waits longer than six years to initiate legal proceedings, they risk having their case dismissed on grounds of being time-barred. It's essential to be aware of the applicable statute of limitations in contract law to ensure that legal rights and remedies are preserved within the established timeframe.