Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Corporate CounselorLJN NewslettersNewsSections

Document Retention and Spoliation

By Thomas M. Hunter and Kenneth Burchfiel

Following the collapse of major financial institutions and other business leaders on Wall Street, both government agencies and shareholders have tightened oversight of corporate America, demanding greater accountability for money spent and decisions made by executives. Now more than ever general counsels must help their companies set clearly defined standards for legal, financial and business processes. Document retention policies are particularly important for protecting companies that may be involved in litigation, as well as in providing transparency to regulators and stakeholders.

Meanwhile, despite the economic downturn, companies looking to bolster their valuation are still focused on expanding and protecting their patent portfolios at all costs. A company's licensing agreements ' often an important source of revenue ' can be put at risk if document retention policies are not clearly set and carefully followed. In addition, general counsel must be aware that new standards for transparency present new challenges to IP and general litigation strategies. Knowing what to save, how to save it, and for how long can make or break a case. Destruction of documents is a surefire way to land a seat in the defense chair.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs Image

A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.

Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It Image

Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?

Blockchain Domains: New Developments for Brand Owners Image

Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.

Removing Restrictive Covenants In New York Image

In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?