Record Retention Requirements, Generally Sample Clauses

The Record Retention Requirements, Generally clause establishes the obligation for parties to maintain and preserve certain records for a specified period. Typically, this clause outlines the types of documents that must be retained, such as financial statements, contracts, or correspondence, and may specify the duration and acceptable formats for storage. Its core function is to ensure that relevant records are available for future reference, audits, or legal compliance, thereby reducing the risk of disputes or regulatory penalties due to missing documentation.
Record Retention Requirements, Generally. Unless otherwise specified by this Contract or by state or federal law, the Contractor shall keep all documents and reports required by this Contract for a period of 6 years. Such documents include, but are not limited to, the attestation forms required by Article 6.3.2, Contractor’s policies and procedures, Contractor’s member handbooks, and copies of reports required by the Department.
View SourceView Similar (14)
Record Retention Requirements, Generally. (A) Unless otherwise specified by this Contract or by state or federal law, the Contractor shall keep all documents and reports required by this Contract for a period of 6 years. Such documents include, but are not limited to, the attestation forms required by Article 6.3.2, Contractor’s policies and procedures, Contractor’s member handbooks, and copies of reports required by the Department. (B) The Contractor shall comply with the record retention and record access requirements for award recipients found in 45 CFR 74.53 which requires the Contractor to maintain financial records, supporting documents, statistical records, and all other records pertaining to an award to be retained for a period of three years from the date of submission of the final expenditure report or, for awards that are renewed quarterly or annually, from the date of the submission of the quarterly or annual financial report. The three year retention requirement does not apply:
View Source

Related to Record Retention Requirements, Generally

  • RECORD RETENTION REQUIREMENTS To the extent applicable, Supplier must comply with the record retention requirements detailed in 2 C.F.R. § 200.333. The Supplier further certifies that it will retain all records as required by 2 C.F.R. § 200.333 for a period of 3 years after grantees or subgrantees submit final expenditure reports or quarterly or annual financial reports, as applicable, and all other pending matters are closed.