The conciliation statement signed under the organization of the court is the official seal of the court. If the other party fails to pay within the prescribed time limit, what is the time limit for ap

The conciliation statement signed under the organization of the court is the official seal of the court. If the other party fails to pay within the prescribed time limit, what is the time limit for applying for enforcement and how long can it be applied for? Once the mediation agreement is signed by both parties, it will take effect immediately; If the debtor fails to perform his obligations within the time limit stipulated in the mediation agreement, the creditor may immediately apply for enforcement. According to the law, the time limit for applying for enforcement is two years.

Link to the article: Civil Procedure Law 1 Paragraph 3 of Article 97: The conciliation statement shall become legally effective after being signed by both parties.

2. Paragraph 2 of Article 236: The parties must perform the conciliation statement and other legal documents that should be executed by the people's court. If one party refuses to perform, the other party may apply to the people's court for execution.

3. Article 239? The application period is two years. Where an application is made for suspension or interruption of the limitation of execution, the relevant provisions of the law on suspension or interruption of the limitation of action shall apply.

The period specified in the preceding paragraph shall be counted from the last day of the performance period determined by legal documents; If the legal document stipulates that the performance shall be performed by stages, it shall be counted from the last day of each performance period; If the legal document does not stipulate the time limit for performance, it shall be counted from the date when the legal document takes effect.