Litigation and e-discovery is the other key driver for corporate records retention. The vast volume of documents that are created in a business is all potential evidence in future litigation, making it an important litigation risk management issue. A recent Network World article noted that at any given time, the average U.S. business is involved in over 300 lawsuits.  When a company is involved in litigation, organized document retention can be crucial.

BIIA Member Wand Inc. has developed a Records Retention Taxonomy Specs and Catalog which contains 370 Preferred Terms with 680 Synonyms.

Areas of Coverage: Consumer Information, Document Formats, Employee Related Records, Federal Statures, Financial Records, General Business Records, Legal Records, Personal Information, Safety Records and Notices, Sales and Marketing Records, Tax Records.  Languages: English

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