Reminder: Delaware Law Changes Are in Effect

Previously, Delaware law provided for a three year statute of limitations for breach of contract claims (Section 8106 of Title 10) and for a four year statute of limitations for breach of contracts governed by Article 2 of the Delaware UCC (Section 2-275 of Title 6). Instead, parties could opt into a 20 years limitations period for breach of contract claims by entering into a contract under seal under common law.