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The policy states that personal information is retained for as long as necessary to fulfill the purposes for which it was collected, including legal, accounting, reporting, legal claim, and fraud prevention purposes, without specifying fixed retention periods for most data categories.
This analysis describes what Faire's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes Faire's retention standard as purpose-based rather than time-bounded for most data categories; under GDPR, a purpose-based retention standard without specific retention periods or criteria may require additional disclosure to satisfy Article 13 and Article 14 transparency obligations.
Interpretive note: The policy does not specify retention periods for individual data categories, which may or may not satisfy GDPR Article 13 transparency requirements depending on regulatory interpretation and whether supplementary retention schedules are provided on request.
Under this provision, Faire retains personal data for an indefinite period tied to business and legal purposes rather than a fixed schedule for most data types. EU/EEA and UK users seeking specific information about retention periods applicable to their data may submit requests to privacy@faire.com.
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"We retain personal information for as long as necessary to fulfill the purposes for which it was collected, including for the purposes of satisfying any legal, accounting, or reporting requirements, to establish or defend legal claims, or for fraud prevention purposes.Excerpt from Faire's Privacy Policy
1. REGULATORY LANDSCAPE: This provision engages GDPR Article 5(1)(e) (storage limitation principle), which requires personal data to be kept in a form that permits identification for no longer than necessary, and Article 13/14 transparency obligations requiring disclosure of retention periods or criteria. Enforcement authorities are EU data protection authorities and the UK ICO. The CCPA does not impose specific retention periods but does require disclosure of retention practices. 2. GOVERNANCE EXPOSURE: Medium. A purpose-based retention policy without specified periods or criteria for key data categories may not fully satisfy GDPR Article 13's requirement to disclose the period for which data will be stored or the criteria used to determine that period. This creates moderate exposure in EU/EEA regulatory contexts. 3. JURISDICTION FLAGS: EU/EEA and UK users have heightened exposure due to GDPR's storage limitation principle and transparency requirements. California users are not subject to the same specific retention disclosure requirements but may benefit from clearer retention schedules as a matter of policy completeness. 4. CONTRACT AND VENDOR IMPLICATIONS: B2B users of the Faire platform who are themselves data controllers should review whether Faire's open-ended retention standard is consistent with their own data retention policies and whether contractual data deletion obligations have been established. 5. COMPLIANCE CONSIDERATIONS: Compliance teams should request Faire's data retention schedule to determine specific retention periods by data category, and verify whether the disclosed retention criteria satisfy GDPR Article 13(2)(a) requirements. If Faire retains transaction, financial, or communications data beyond operational necessity for litigation hold or fraud prevention purposes, the scope and duration of such retention should be documented.
This provision establishes Faire's retention standard as purpose-based rather than time-bounded for most data categories; under GDPR, a purpose-based retention standard without specific retention periods or criteria may require additional disclosure to satisfy Article 13 and Article 14 transparency obligations.
Under this provision, Faire retains personal data for an indefinite period tied to business and legal purposes rather than a fixed schedule for most data types. EU/EEA and UK users seeking specific information about retention periods applicable to their data may submit requests to privacy@faire.com.
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