statute of repose

Noun

 * 1)  A law that sets a time limit for legal liability starting from the occurrence of a specified act (typically completion of a product or point of sale).

Usage notes
A statute of repose is similar to a statute of limitations, except that legal liability is limited from the time of a specified act rather than from the time of the cause of action (such as the time when an injury occurs or a fault is discovered).

Synonyms

 * nonclaim statute