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08. LEGAL ISSUES THAT AFFECT YOUR. RECORDS MANAGEMENT. REqUIREMENTS TO SET OUT IN WRITING. 12. MINIMUM AND MAxIMUM RETENTION 12 May 2017 Records retention programs help organizations stay in compliance and maintain a thorough and streamlined records management system. A document retention policy is the best way to keep track of the various minimum legal requirements. It also ensures that confidential information is not kept for A Document Retention Guide from Shred-it. Businesses are required by law to retain confidential client, employee, and company information for a minimal amount of time. After their retention period is complete, you should ensure that they are securely destroyed by a third-party information security provider. 7 Jan 2019 Knowing how long you need to keep records is important. Take a look at our Document Retention Best Practices & State Guidelines to learn We are often asked about how long specific records should be kept. Discarding records that should be kept poses a wide range of potential tax and legal 1 May 2016 A DRP equips legal organizations with procedures on a standardized Reasons for Establishing a Document Retention Policy If your firm has not developed a DRP, hopefully this top ten list will offer meaningful guidance.In order for a records retention program to be legally sufficient, however, much more is required than merely ensuring that records are maintained for the period required by various statutes and regulations; proper procedures must also be followed in developing and operating the program. 9 Jun 2016 Aside from certain legal requirements, or specific contract terms, companies When developing a firm's document retention (and destruction) These days, most businesses are required by law to retain confidential client information, along with employee or company data, for a minimal amount of time. How long you store business records should be determined by a retention schedule that balances each record's usefulness with the legal requirements.