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Comparative law notes

1. According to the Hungarian Civil Code, unless otherwise provided, the limitation period is five years. 2. The period of limitation commences upon the due date of the claim. 3. An agreement to change the limitation period must be executed in writing. The limitation cannot be completely excluded.

Definitions of limitation

a restriction; a rule or fact that limits something (often: limitations)

There were many limitations placed on our freedom to use the land for development.

a specified period after which a property right is no longer valid or a lawsuit or other legal action may be defeated (also: limitation period or period of limitation)

No limitation period applies to such claims.

the act of limiting, controlling or reducing something

The US Constitution was a limitation on the rights of governmental exercise of power.