Limitation

The aim of this thesis is to explain the legal term "limitations". This work is based on the new Law no. 89/2012 Coll., Civil Code, which has been effective since 2014.The thesis compares the limitation according the new Civil Code with the Law no. 40/1964 Coll., The Civil Code and the Law no. 513/1991 Coll., The Commercial Code. The work describes specific changes, advantages, and disadvantages between the new and old legal arrangement. In terms of this paper there was made an analysis de lege lata. For clearer and more comprehensive explanation of the legal institution of limitation, in the literature review is described rulings or judicial decisions, judgments or resolutions. The main part of this thesis consists of two parts. In the first part is described how one company solves limitation of claims. After interview with executive manager was suggested Intercompany directive which can be helpful for the company. In the second part of main part are also specific examples of solutions limitation according to the Civil Code and Commercial Cod