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A tolling agreement is a contract between two parties that pauses the statute of limitations, commonly used during construction defect negotiations. While it can give parties more time to settle disputes without filing lawsuits, caution is advised. The agreement only binds the parties involved, leaving others potentially liable if issues arise. If the Builder goes out of business or if problems arise, other parties may not be obligated by the agreement, risking expiration of the statute of limitations during negotiations.
