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This Tolling Agreement outlines the terms under which the County of El Dorado and various developers agree to toll the statutes of limitations relating to disputes over the Traffic Impact Fee Nexus
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How to fill out tolling agreement
How to fill out tolling agreement
01
Start with a title: 'Tolling Agreement'.
02
Identify the parties involved by stating their names and addresses.
03
Clearly define the purpose of the tolling agreement.
04
Specify the timeline during which the tolling will be effective.
05
Outline the legal claims that are being tolled.
06
Include any conditions or terms for the agreement to remain valid.
07
Provide a section for signatures of both parties with dates.
Who needs tolling agreement?
01
Individuals or entities involved in legal disputes who want to preserve their claims while negotiating.
02
Parties looking to extend the statute of limitations on a potential legal action.
03
Lawyers or legal representatives managing case timelines.
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What is tolling agreement?
A tolling agreement is a legal contract between two parties that suspends the statute of limitations for a specified period of time, allowing them to negotiate or resolve potential legal disputes without the threat of a lawsuit.
Who is required to file tolling agreement?
Typically, parties involved in a dispute or potential dispute, such as companies or individuals anticipating legal action, are required to file a tolling agreement to protect their interests while discussions or negotiations are ongoing.
How to fill out tolling agreement?
To fill out a tolling agreement, parties should clearly identify themselves, state the nature of the dispute, specify the time period for which the statute of limitations is tolled, and include any other relevant terms or conditions that both parties agree upon.
What is the purpose of tolling agreement?
The purpose of a tolling agreement is to provide a legal mechanism for parties to pause the statute of limitations while they engage in negotiations or discussions, thus preventing the risk of losing the right to file a lawsuit due to time constraints.
What information must be reported on tolling agreement?
A tolling agreement must typically report information such as the names of the parties involved, the nature of the claims being tolled, the duration of the tolling period, and any specific terms or conditions related to the agreement.
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