PERIOD OF PRESCRIPTION

PERIOD OF PRESCRIPTION

period of prescription. The period fixed by local law as sufficient for obtaining or extinguishing a right through lapse of time. ? In addition to a fixed number of years, the period includes whatever further time is allowed by local law because of infancy, insanity, coverture, and other like circumstances. See PRESCRIPTIVE RIGHT; PRESCRIPTION(3), (4), (5).
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.