Litigation hold
Definition
A formal instruction suspending the routine destruction of documents, electronic records, and other potentially relevant material. Failure to issue one promptly when litigation is reasonably anticipated can result in spoliation sanctions.
Related terms
- Attorney-client privilege
- A legal protection shielding confidential communications between an attorney and their client from compelled disclosure in litigation. A forensic accountant retained by...
- Engagement letter
- A written contract between the forensic accountant and the retaining party that defines the scope, deliverables, fee arrangement, confidentiality terms, and the...
- Independence
- The absence of any financial, personal, or advocacy relationship that would impair, or appear to impair, an expert's objectivity. Courts assess both...
- Scope creep
- The gradual expansion of an engagement beyond its original boundaries, often without a corresponding adjustment to the fee, timeline, or privilege structure....
- Work-product doctrine
- A rule protecting materials prepared by or for an attorney in anticipation of litigation. It is broader than attorney-client privilege and covers...
Explained in
- The Forensic Accounting EngagementA formal instruction suspending the routine destruction of documents, electronic records, and other potentially relevant material. Failure to issue one promptl...