Courts weigh ‘statutes of repose’ in Texas

How would in affect your business if your company was to be held liable for anything you built…forever? A lawsuit in Texas is currently challenging the legal protection contractors normally enjoy called a statue of repose, which relieves the contractor of any liability 10 years after a project is completed. If the courts agree with the plaintiffs in this case it could have wide ranging impact on insurance and bonding and open up a Pandora’s box of legal problems for contractors.