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David,
I believe that you'll need to research the specific state within which
the contract is/was executed....assuming that such contracts are
governed by the laws of "THAT" specific state..... Specific citations
for each of the 50 states for the location of their particular "statute
of limitations" may require a bit of digging. There are substantial
differences among the 50 states.
Doug Allen, CRM, CDIA+
-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On
Behalf Of David Ives
Subject: [RM] Limitation of action or Statue of limitations for
Contracts??
Good day All!
I have read that a reasonable amount of time to retain contracts (ex:
service agreements, vendor contracts...) would be until they expire and
then add 6 years, the logic being that most lawsuits would happen within
that time frame. Do any of you happen to know of a specific citation
for
this or have perhaps more explicit reasoning? I can't seem to find
anything conclusive. Any help would be greatly appreciated!!
Thank you!
David
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