A statute of repose sets a limited time after a product is first sold that a product liability suit can be brought.

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A statute of repose is a type of law that sets a predetermined time period after a product is first sold, during which a product liability suit can be brought. Once the time period expires, no further legal action can be taken, even if a defect is discovered later. This is different from a statute of limitations, which sets a time limit for the filing of a lawsuit after an injury or harm has occurred.

A Statute of Repose Sets a Limited Time After a Product