verjährungsfrist
Verjährungsfrist refers to the time limit within which legal action must be initiated for a claim to be enforceable. Once this period expires, the claim is generally considered time-barred, meaning the debtor can raise the defense of the statute of limitations to avoid fulfilling the obligation. The purpose of verjährungsfristen is to provide legal certainty and prevent stale claims from being brought forward indefinitely. It encourages parties to pursue their rights promptly and allows individuals to move on from past obligations without fear of perpetual liability.
The length of a verjährungsfrist varies significantly depending on the jurisdiction and the type of claim.
It is crucial to note that the verjährungsfrist does not extinguish the underlying right itself, but rather