Joint Venture and Statue of Repose and Limitation

In a Joint Venture for a project that has finished, the Joint Venture is dissolved. If a claim arise in a Statue of limitation or repose period, who is liable in the claim, the Joint Venture entity, or each firm that was part of the agreement individually? How the claim could be filed?

Because I know that both teams shares responsibilities during the project, but what happen when is done and dissolved?

1 Like

Hi @ajmb.arch let’s get one of our expert architects to help with this question. @coachpaulmosher do you mind jumping in?

6300 N. Northwest Highway P.O. Box 31846, Chicago, IL 60631-9998 / All rights reserved © 2020 Black Spectacles.