Question 4:
Are the parties free to change, by agreement, the length of the limitation period?
A. If yes, what form, if any, is required by law (e.g. in writing, separate document, etc.)?
B. Does the law set the minimal limitation period which cannot be stipulated against?
Responses:
There is no similarity between the respondents regarding this issue. In a several legal systems, such as in Argentina, Greece, Italy, Serbia and Switzerland, the length of the limitation period is regulated under the law and the parties may not change it. In the majority of legal systems, however, the parties are free to change a limitation period and no special form of agreement is required - the law does not set the minimal limitation period, however some restrictions may be applied by Law.