Retention Policy
/rɪˈtɛnʃən ˈpɒlɪsi/
Definitions
- (n.) A protocol or set of rules established by an organization to govern how long records, documents, or data are kept before they are deleted or destroyed.
The company’s retention policy requires financial records to be kept for seven years.
- (n.) A legal or regulatory mandate specifying minimum durations for preserving certain types of information or documents.
Healthcare providers must comply with retention policies set by federal privacy laws.
Forms
- retention policies
Related terms
Commentary
Retention policies should be carefully drafted to balance legal compliance with data minimization principles and potential litigation holds.
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.