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FAQs
A tolling agreement is a written agreement, signed by both sides to a potential lawsuit, that suspends the statute of limitations for an agreed amount of time.
What is a trolling agreement? ›
A tolling agreement is a formal written agreement to suspend the statute of limitations for a period of time. State and federal laws establish a statute of limitations for filing a civil lawsuit. This statute of limitations sets a time deadline for moving forward with a claim.
What does tolling mean? ›
Meaning of tolling in English
the process of officially increasing the period of time within which someone can be accused of a crime after the date when it was committed: In a tolling agreement, the statute of limitations on the prosecution of a crime no longer applies.
What happens when a tolling agreement expires? ›
In some cases, the deadline can be extended
This is called tolling. For example, tolling may happen when the person bringing the case (the plaintiff) is a minor. When the reason for the tolling ends (like if the minor turns 18), the statute of limitations begins to run again.
What is tolling process? ›
Toll manufacturing or tolling is outsourcing all the production or part of it to a third-party company where you provide all the raw materials or semi-finished products. The work of the third-party company is to process the products or raw materials to the required specification.
What is a take or pay tolling agreement? ›
It requires the purchasing firm to take a stipulated amount of goods from the supplier by a certain date, at the risk of paying a fine to the supplier if it doesn't. This sort of agreement benefits the supplier by reducing the risk of losing money on any capital spent to produce whatever product it is trying to sell.
What is a BESS tolling agreement? ›
A classic tolling agreement is a long-term rental contract between a toller (seller) and an offtaker (renter). The toller owns and operates the power generation unit, typically a gas-fired one, while the offtaker pays an agreed-upon “rent” and supplies fuel to convert it into electricity.
What is equitable tolling? ›
The principle of equitable tolling provides that the statute of limitations will not bar a claim if the individual, despite reasonable care and diligent efforts, did not discover the injury until after the limitations period had expired.
What is discovery tolling? ›
Tolling provisions effectively suspend the statute of limitations on a wrongful act. The delayed discovery rule stops the clock specifically because the plaintiff did not or could not know that they had a reason to file a claim or lawsuit.
What is tolling in the statute of limitations? ›
Tolling the statute of limitations in California
In general, the statute of limitations can be tolled if one of the parties in the case is under a legal disability and thereby lacks the legal capacity to act by the time the statute of limitations has been reached.
To toll means to stop the running of a time period, especially a time period set by a statute of limitations.
What is a tolling charge? ›
In general, tolling involves the imposition of a per-use fee on motorists for a given highway facility. Historically, these fees have generally been flat tolls that may vary by number of axles and distance driven, but not by time of day.
Why is it called a tolling agreement? ›
The statute of limitations is a law that limits the time allowed to file a civil claim or a criminal charge. In both civil and criminal cases, the parties can agree to extend the time allowed for filing by stopping the accrual of the tolling time. This is called a tolling agreement.
What is tolling arrangement? ›
Meaning of tolling agreement in English
a contract to supply an agreed amount of raw material to be put through industrial processes by a particular factory: Under an innovative tolling agreement the company has acquired rights to the total monthly output of two mines.
What is a power tolling agreement? ›
Under a tolling agreement contract a renter receives a right to operate a power plant for a fixed time horizon in exchange for a fixed payment. During the life of the contract the renter receives all cash inflows and outflows associated with the power plant.
What is a tolling agreement in project finance? ›
A classic tolling agreement is a long-term rental contract between a toller (seller) and an offtaker (renter). The toller owns and operates the power generation unit, typically a gas-fired one, while the offtaker pays an agreed-upon “rent” and supplies fuel to convert it into electricity.
What is tolling in real estate? ›
A tolling agreement is an agreement between a potential plaintiff (a property owner or homeowner association) and a potential defendant (an insurance company) by which the defendant agrees to extend the statutory limitations period for the plaintiff's claim so that both parties will have more time to resolve their ...
What is the meaning of tolling charges? ›
A toll is a fee charged for the use of a road or waterway.
What does tolling fee mean? ›
Tolling Fee means the fee charged by Supplier to Buyer on a per pound basis for each SKU of the Products which shall include, among other things, labor, costs, utilities and fixed overhead (including real property leasing obligations, if any).
