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In this video tutorial, the speaker discusses tolling agreements, a subject that has recently come up in client conversations. A tolling agreement is often presented by a plaintiff’s attorney in a demand letter, which outlines alleged wrongdoings and requests records. The agreement requires a signature to avoid an impending lawsuit. The essential function of a tolling agreement is to toll or pause the statute of limitations on a claim, meaning that the time limit to file a lawsuit is extended. The decision to enter into such an agreement is subjective and depends on strategic considerations, as it can vary based on individual circumstances and legal advice.