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What Is the Purpose of a Legal Hold and Preservation

question 12

Essay

What is the purpose of a legal hold and preservation letter and when should these be issued?


Definitions:

Total Cost

The complete cost of production or service delivery, including direct, indirect, fixed, and variable costs.

Overbooking

The practice of selling more of a service than what is actually available, based on the expectation that there will be cancellations.

Asset Drops

Instances where valuable resources or investments suddenly decrease in value or become less useful.

Deadline

The latest time or date by which a task, project, or deliverable must be completed.

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