Keeping signed contracts

Question for us old timers, how long do you hang on to your signed contract’s? I have been holding them for 10 years back and I’m to the point I need a warehouse, lol. Ok I have a big pile.

If they are electronic, I just add another backup hard drive. If they are paper, about 7 years.

My attorney told me that 3 years was enough because that was the statute of limitations on negligence. But I was also thinking IRS. :smile:

Thanks Larry, 7 year back will lighten the load.