If you feel you or your business has suffered a loss because of someone else’s wrongdoing, the time to seek a lawyer and discuss your options is now. In Ontario, an action for breach of contract must be commenced within two years of the breach of contract, and in the case of other wrongs, must be commenced within two years from the time you knew or ought to have known the facts giving rise to your claim. The “discoverability rule” generally provides that the two year period will start when a reasonable person would have identified the facts necessary to conclude that an action could be prosecuted. This rule means you have no time to spare in seeking counsel, discussing your options, and if appropriate, commencing a claim. There are exceptions to the two year rule, so if your potential claim relates to an incident which occurred more than two years ago, call us immediately so we may advise whether an exception to the limitation periods applies to your case. Also be aware there can be cases where a one year limitation period applies.