Protection against liability

- One of the reasons to retain documents is…to protect yourself against liability.…Documents can help protect you in a situation involving…a lawsuit by providing evidence of such things as…contractual relationships, acts and omissions,…putting a party on notice, profits and losses or…regulatory compliance.…If you get into the classic he said / she said dispute,…wherein two parties have completely opposite views…of a particular interaction, a document establishing that…one party's view is correct…is obviously powerful evidence…to support that particular party's position in a dispute.…

So for instance, take an employment dispute.…If you have an employee who claims that she was terminated…for a prohibited reason, such as discrimination based…on her age or religion, and you claim that the employee…was terminated because of a poor performance review,…absent having access to the performance review itself,…you have the classic he said / she said situation.…Two parties who have completely different views…on a particular interaction in which case the…