Six Things Your Company Needs to Know About Internet Law

Destroy Obsolete Data.

Many companies are like pack-rats, storing every bit of digital information that crosses their paths. The problem is that if your company is ever sued, you may have to convert this data to a readable format and present it to the other side. Does your company have any floppy disks? Do you have any computers that can read them? Set up and execute a document retention policy (DRP). The policy should also include a “litigation hold” order to stop all data destruction once you are on notice that your company may be sued. Failure to do so may lead to sanctions costing millions (or even billions) of dollars, and may even lead to the loss of your lawsuit.