For any civil claims based on a breach of contract, the statute of limitations in Arkansas is 4 years after the breach occurred. The statute of limitations is the time limit that an individual has to file a valid claim for damages. When creating a contract, parties may alter this statute of limitations to be as low as 1 year, but they cannot extend it past 4 years.
Even if the harmed party wasn’t aware of the breach of contract, the statute is still 4 years. The only exception is when the contract requires a waiting period for the services or goods. In those cases, the individual could not have known that the contract was breached until they received the services or goods. The 4-year statute begins when the harmed party should have known that the breach occurred.