Multiple courts have held that statutes of limitations simply do not apply in an arbitration proceeding without some contractual provision. The Texas Supreme Court has held that an arbitration agreement's incorporation of a shortened limitations period must be clear and unmistakable.The answer is that a typical statute of limitations probably does not apply to an arbitration. I say "probably" because there is a split of authority. Contracting parties recognize that a lawsuit in court for breach of contract must generally be commenced before the statute of limitations had expired. 2 years from the date the cause of action accrues. All parties must file a Claim for arbitration within one (1) year after the date of the incident or occurrence giving rise to the Claim. How Much Time do I have to Serve and File a Motion to Confirm a U.S.Made Arbitration Award under the Federal Arbitration Act? Many of the limitations regarding coverage in the. Texas Arbitration Act are not found in the Federal.