Managing large volumes or complex contract data has just become easy: Weagree has smartly automated data retention periods. For the various types of data, the applicable (default) data retention period can be configured. Of course, data will not be deleted if they are relevant or still active (not terminated or expired). And even after initial deletion, they remain recoverable from Weagree’s recycle bin for a customisable amount of time before they are permanently deleted. Above all, the CLM will only automatically delete data if certain contract-specific conditions have been met. And for every CLM-managed contract, the default retention period can be customised.
It is possible to individually enable or disable data retention for each of a number of data categories:
* Draft contracts (unsigned contracts)
* CLM (signed contracts)
* Other parties – entities
* Parties – individuals
* Individuals’ ID or personal documents
* Weagree users
Weagree’s default retention periods comply with GDPR standards, but they can be configured to match any other standards or policies that may apply to your organisation.
