A more thorough explanation:

A tolling agreement is a legal agreement between a potential plaintiff and a potential defendant. This agreement allows the defendant to extend the statutory limitations period on the plaintiff's claim. The purpose of this agreement is to give both parties more time to resolve their dispute without going to court.

Let's say that John wants to sue his former employer for wrongful termination. However, the statute of limitations for this type of claim is two years, and John's claim is about to expire. John and his former employer can enter into a tolling agreement, which will extend the statute of limitations for a certain period of time. This agreement will give both parties more time to negotiate a settlement without going to court.

Another example of a tolling agreement is when a person is injured in a car accident. The statute of limitations for personal injury claims is usually two years. However, if the injured person and the driver who caused the accident enter into a tolling agreement, the injured person can have more time to file a claim and negotiate a settlement.

These examples illustrate how a tolling agreement can be beneficial for both parties. It allows them to have more time to resolve their dispute without going to court, which can save time and money.