Record Retention
/ˈrɛkərd rɪˈtɛnʃən/
Definitions
- (n.) The policy or practice of maintaining and storing records or documents for a legally specified period to ensure compliance and facilitate audits, litigation, or regulatory reviews.
The company implemented strict record retention policies to comply with data protection laws.
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Commentary
Record retention policies must balance legal requirements with practical considerations; precise timing and scope are critical to avoid legal risk.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.