A litigation hold is a document that, anticipating future litigation, directs one to preserve potentially relevant evidence. Why is this your problem? Because you’re the custodian of corporate information. We all are. But secondly, if you fail to preserve these electronic or paper records, even by accident, you can be found guilty of Spoliation. If that happens, your company could be subjected to massive sanctions and devastating jury instructions. This could change the outcome of an expensive and dangerous lawsuit and destroy your business unit or company. If you’re at fault in this situation, then your entire career could be derailed and your reputation ruined. Therefore, it’s critical that you understand the fundamentals of Litigation Holds and Document Retention.