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A tolling agreement is a legal arrangement between two parties that pauses the statute of limitations, often proposed by builders during negotiations with an Association regarding construction defect repairs. While tolling agreements can provide extra time to resolve disputes without filing a lawsuit, caution is needed. They only bind the parties involved in the agreement. If the builder goes out of business or issues arise, other potentially liable parties, like general contractors and subcontractors, remain unaffected by the tolling agreement. Consequently, the statute of limitations may expire while negotiations are ongoing with the builder.