Statute of limitations-rationale: statute of limitations is the time period during which the injured party must file a case. discovery rule refers to the time when the client discovers the injury. the statute of limitations typically allows clients to file a lawsuit within 2 years of discovery; however, the time may vary from state to state. grace period refers to the contractually specified time during which payment is permitted, without penalty, beyond the due date of the debt. alternative dispute resolution refers to any means of settling disputes outside the courtroom setting.client needs category: safe, effective care environmentclient needs subcategory: safety and infection controlcognitive level: comprehensionreference: taylor, c., et al. fundamentals of nursing: the art and science of nursing care, 6th ed. philadelphia: lippincott williams & wilkins, 2008, p. 130.