What is the recommended retention period for records related to breach of written contracts?

The recommended retention period for records related to breach of written contracts is four years. This duration aligns with the statute of limitations, which dictates the time frame within which legal actions for breach of a written contract must be initiated. Under California law, the statute of limitations for written contracts is typically four years. Therefore, retaining records for this period ensures that you have the necessary documentation available if a legal dispute arises regarding the contract. This retention period helps protect interests and facilitates compliance with legal requirements.

The other durations mentioned do not align with the legal framework concerning contract disputes, which is why they are not appropriate choices in this context. Records being retained for shorter periods may leave parties vulnerable to unanswered claims or disputes.