Six Key Steps to Developing a Record Retention Policy STEP 1: Identify Types of Records & Media. STEP 2: Identify Business Needs for Records & Appropriate Retention Periods. STEP 3: Addressing Creation, Distribution, Storage & Retrieval of Documents. STEP 4: Destruction of Documents. STEP 5: Documentation & Implementation.
Assign retention labels and archive policies Go to the Microsoft 365 sign-in page. In the message list or the folder pane, right-click the message or folder that you want to assign a policy to, then select Assign policy. Select the retention label or archive policy you want to assign to the message or folder.
On the Data lifecycle management page, click the Retention policies tab, then click New retention policy. In the Name field, give your new retention policy a descriptive name. Choose the type of retention policy: adaptive or static. Decide if you want to retain content, delete it, or both.
Record Retention Schedule for Businesses DocumentRetention Period Contracts and leases (expired) 7 years Correspondence, general 2 years Correspondence, legal and tax related Permanently Deeds, mortgages and bills of sale Permanently36 more rows
Retainage on private projects in Nevada is capped at 5% from each progress payment on the project. Any withheld retainage funds must be released by the property owner within 30 days of completion of the project.
Document Retention Schedule Employee Records Records Relating to Promotion, Demotion or Discharge 7 years after termination Accident Reports and Worker's Compensation Records 5 years Salary Schedules 5 years Employment Applications 3 years4 more rows
Nevada's forfeiture scheme requires that a law enforcement agency 'establish proof by clear and convincing evidence that the property is subject to forfeiture.
The Retention Schedule is a living document designed to reflect each court's adjudicatory records and procedures. While some records may be destroyed – in ance with the conditions and procedures contained in the schedule – nothing prevents a court from maintaining records longer than the specified period of time.