Tolling Agreement Practical Law

Under these agreements, the State expressly agrees to set a limitation period in relation to the rights of an investor or to suspend the limitation period for the duration of the negotiations, in order to allow the parties time to find a negotiated solution. The toll provisions in transaction agreements also ensure that an investor`s rights under the current contract are not time-barred if the State breaches the terms of the transaction after the expiry of the limitation period. To KBR, Inc. .

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