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A tolling agreement is a pact between two parties that halts the statute of limitations. Builders may suggest a tolling agreement during negotiations with the Association to fix construction defects. While it allows more time to settle disputes before resorting to lawsuits, caution is needed. The agreement only binds the parties involved, so if the Builder faces issues or goes out of business, other potential liable parties like general contractors or subcontractors may not be affected. This could lead to the statute of limitations expiring while negotiations with the Builder are ongoing.