Common use of Document Retention Policy Clause in Contracts

Document Retention Policy. 11.1 The Company agrees that Intertrust may keep the original and/or copy of any documents, papers or other materials and in particular any documentation required under Compliance Rules (in either physical or electronic form) in relation to any Service for archival purposes under applicable professional standards and in accordance with the Applicable Law. 11.2 After the statutory period of time under the Applicable Law obligating, as the case may be, Intertrust to keep the documents and files mentioned in paragraph 11.1 of these Terms has lapsed, Intertrust reserves the right to destroy any such documents and files.