What is the statute of limitations for an oral contract?

The statute of limitations for an oral contract in Florida is indeed four years. This time frame is established under Florida's statutes regarding contractual obligations, specifically for actions arising from unwritten agreements. Once the contract is made, either party has four years to bring a legal action if there is a dispute arising from the contract.

It's important to be aware of this limitation as it underscores the necessity for individuals and businesses to address potential disputes in a timely manner, ensuring resolution before the statutory period expires. Identifying the correct timeframe helps parties understand their rights and obligations regarding the enforceability of such contracts.