Dispose of Contracts
How to Dispose of Contracts
Contracts are some of the most sensitive documents that exist in the business world. They often outline financial and legal information that could easily damage any related parties if they fell into the wrong hands.
Close protection of existing contracts is recommended, and complete destruction of cancelled or fulfilled contracts is suggested following seven years after their final expiration.
Destruction of Paper Documents
All paper contracts and document materials must be shredded according to best security practices. Standard shredding creates paper strips roughly 3” x 5/8” in diameter. Some companies like PROSHRED® have specialized equipment that goes above-and-beyond these standards to ensure complete impossibility of reassembly.
Fine or microfine shreds are recommended to fully protect the information held within the contract or document. These shreds correspond to 1” x 3/8” or 1/2” x 1/8”, respectively. This level of shredding is only achievable using industrial single-shaft rotary grinder systems equipped with the proper screen.
Remaining paper shreds also commingle with other documents until they are deposited and permanently destroyed at a recycling facility.
Transparency is crucial during this process to prove chain of custody for each document. Employees can deposit sensitive materials in secure disposed material boxes that are only accessible by document security personnel. This personnel can empty the contents of the secure bins, boxes or consoles into a locked roll cart.
The roll carts are brought to a shredding truck where they are remotely dumped by a lifting arm into the shredding compartment. Available video feeds allow clients to witness the final descent of the documents into the shredding mechanism.
A certificate of destruction is provided to ensure transparency and placate any concerns regarding liability for the security of the materials.
Digital Files
Digital files must be completely destroyed. Merely deleting them often leaves traces that can be retrieved, allowing hackers and data thieves to recover the information.
All sensitive digital information, including contracts, should be stored on encrypted hard drives or servers. Removable media like a USB thumb drive is not recommended. Transfer across email or storage on publicly-accessible domains is also not recommended unless there are specific security measures in place to ensure that only the necessary parties have access.
When it comes time to remove the sensitive data or files, many security experts recommend more than just “wiping” the memory. Destruction using powerful magnets, pierce and tear machines or punching machines is the only way to be confident about the data destruction.
Companies like PROSHRED® perform hard drive destruction services that work almost identically to the paper shredding process described above. All destruction is done on-site, with a transparent chain of custody and certified documentation of the destroyed data.
Other Documents
Consult the similar tables provided in the corresponding sections to learn more about suggested retention periods for other types of documents:
- Corporate Records
- Financial Records
- Business Taxes Records
- Personnel Records
- Management Plans and Procedures
- Donor Records
Important note: These lists were written to serve as a general guideline. Consult your CPA or a New York business attorney for specific advice on best practices and legal compliance requirements.
What People Are Saying About PROSHRED®
Service was timely and good. Got job done for less than estimate. Great job!
Joy Edwards9/24/2015Great price for the service--timely, efficient and courteous staff,
Bob Bird9/24/2016Great price for the service--timely, efficient and courteous staff,
Bob Bird10/28/2015Great Service! Great Company! Great Prices!
Jorge Arredondo10/28/2014The staff was great from booking on down. Easy and hassle free. And the guys for pick-up were patient (I was at work... read moreThe staff was great from booking on down. Easy and hassle free. And the guys for pick-up were patient (I was at work - five minutes away - when they got to my apartment) not to mention helpful and extremely nice. With only a relatively very small amount to be picked up, I never felt treated like I was any less important than a business with a much larger pick-up. read less
Michael Fife3/24/2019Not only were they right on time, but the professionalism, care , and courtesy were top notch! The pricing is very competitive, and with the... read moreNot only were they right on time, but the professionalism, care , and courtesy were top notch! The pricing is very competitive, and with the extraordinary service iPROSHRED is well worth using! read less
Frederick Shapiro10/28/2019Service was timely and good. Got job done for less than estimate. Great job!
Joy Edwards10/28/2015When I booked the appointment I requested a time and confirmed it when I got the call back from ProShred one day prior. On the... read moreWhen I booked the appointment I requested a time and confirmed it when I got the call back from ProShred one day prior. On the morning of the job I got a call from the driver telling me he was within 30 minutes of me, problem was that it was 3 1/2 hours earlier than I'd requested + the job was at my father in law's home about 20 mins away. Anyway, all's well that ends well. We met the driver and the job done quickly, efficiently and given the visibility of the bin being tipped inside (via LED screen outside) and contents shredded before our eyes, impressively. I checked back on the original confirming email which did suggest I should call back to confirm a specific time. There was the hangup, the driver did not have my time on his route schedule. I had twice referenced 2pm on the original order and prior day confirmation, someone should have taken note and updated the route driver's schedule. Not a big deal because it worked but something for you to assess on your procedures. read less
Steve Lachaga9/24/2016I am one of the chairs of the North Castle Recycling Committee. Each year we have a Zero Waste Day and we look for... read moreI am one of the chairs of the North Castle Recycling Committee. Each year we have a Zero Waste Day and we look for a shredding company that will provide shredding for a community event. This year we invited ProShred.ProShred was fantastic. They came early and left only when their truck was full. The truck operator was professional, patient and pleasant to our town residents. From my first call where I had the pleasure of speaking with Ms. Latoya Banfield, Sales & Operations Manager, to the end of the event, ProShred really provided an excellent service. Ms. Banfield was always available by phone or by email. She handled all issues and our event went so smoothly.I recommend ProShred as a shredding company for your professional or personal needs, as well as for a community event. I have every confidence in ProShred. read less
Beth Pollack10/28/2014Had a very good experience with branch manager Steve. Nice to work with as well as respectful with social distancing and safety especially during ... read moreHad a very good experience with branch manager Steve. Nice to work with as well as respectful with social distancing and safety especially during this tough time. Will recommend and definitely use agin. read less
A Mild Sprain6/28/2020Used Proshred for the first time this past week and I highly recommend them. Great service, and very courteous staff.
Terry Ferreira10/28/2019Just call and make an appointment. They come right to your door. Everything is shredded right then and there in front of you. No waiting;... read moreJust call and make an appointment. They come right to your door. Everything is shredded right then and there in front of you. No waiting; nothing to get rid of. read less
Y Dav9/24/2014Just call and make an appointment. They come right to your door. Everything is shredded right then and there in front of you. No waiting;... read moreJust call and make an appointment. They come right to your door. Everything is shredded right then and there in front of you. No waiting; nothing to get rid of. read less
Y Dav10/28/2014Because of the virus my husband was cleaning out his home office, as a realtor he had documents more than 10 years old. We... read moreBecause of the virus my husband was cleaning out his home office, as a realtor he had documents more than 10 years old. We didn’t know where to go, and found Pro Shed online. We set up an appointment for drop-off with Steve. He was very accomodating, professional and courteous. When he noticed my husband’s military hat, he went out of his way to assist while still being socially distant. The documents were extremely sensitive due to the nature of my husband’s business. We now have a much more organized office, we would definitely recommend Pro Shred and Steve to other businesses,friends, and relatives! Thank you Steve! read less
Marietta Sanzo5/28/2020Super nice and accommodating during the pandemic. Bin was left outside on ramp and we talked from 10 feet away. Drive up, drop your shredding,... read moreSuper nice and accommodating during the pandemic. Bin was left outside on ramp and we talked from 10 feet away. Drive up, drop your shredding, drive away. So easy! Thanks to Steve who was so nice. read less
Marti Golon4/28/2020
