Common use of Retention of Files Clause in Contracts

Retention of Files. The Firm will retain the files created in the course of performing the Services specified in Article 2 above according to the following schedule. After the time periods specified in this Section, Client consents to the destruction of such files, so long as such destruction is undertaken in a manner to protect the confidentiality of any personal or private information contained therein. Tax Warrant Files: Five years form the date of issuance of a warrant. Litigation Files: Two years from the date of nonsuit or dismissal of a suit occurring prior to a final judgment. Five years from the date of sale of the last property pursuant to the judgment or other satisfaction of the judgment. Ten years from the date of filing of an abstract of judgment, or five years from the date of satisfaction of the judgment, whichever is earlier. Bankruptcy Files: Two years from the date of dismissal of a bankruptcy proceeding or other order closing the case, or from satisfaction of a claim, whichever is earlier, with respect to Chapter 7 and 13 proceedings. Three years from the date of dismissal of a bankruptcy proceeding or other order closing the case, or form satisfaction of a claim, whichever is earlier, with respect to Chapter 11 proceedings.

Retention of Files. The Firm will retain the files created in the course of performing the Services specified in Article 2 above according to the following schedule. After the time periods specified in this Section, Client consents to the destruction of such files, so long as such destruction is undertaken in a manner to protect the confidentiality of any personal or private information contained therein. Tax Warrant Filesfiles: Five years form from the date of issuance of a warrant. Litigation Filesfiles: Two years from the date of nonsuit or dismissal of a suit occurring prior to a final judgment. Five years from the date of sale of the last property pursuant to the judgment or other satisfaction of the judgment. Ten years from the date of filing of an abstract of judgment, or five years from the date of satisfaction of the judgment, whichever is earlier. Bankruptcy Files: Two years from the date of dismissal of a bankruptcy proceeding or other order closing the case, or from satisfaction of a claim, whichever is earlier, with respect to Chapter 7 and 13 proceedings. Three years from the date of dismissal of a bankruptcy proceeding or other order closing the case, or form from satisfaction of a claim, whichever is earlier, with respect to Chapter 11 proceedings.