You may have heard the term on television or movies, but what is a statute of limitations? The statue of limitations is a law which puts a time limit on how long one can wait to press legal charges against a wrongful act. Some of the Statute of Limitation Laws that apply in Nebraska include: Personal Injury: 4 years. Fraud: 4 years. Libel / Slander / Defamation: 1 year. Injury to Personal Property: 4 years. Product Liability: 4 years. Contracts: Written, 5 years; Oral, 4 years. Although these are the standards, other conditions may apply depending on your case. If you have a question about Nebraska’s statute of limitations laws or if they apply to your case, call our lawyers for more information.