Statutes of Limitations are meant to help ensure that cases are resolved in a timely manner and to prevent individuals from being sued for actions that occurred long ago. Statute of limitations define a specific time limit for individuals or organizations to file a lawsuit or legal claim against another party. The time limit varies depending on the type of case and the state in which it is filed. In Georgia for example, personal injury cases have a 2 year statute of limitations and breach of contract cases have a 4 years limitation.