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Can anyone explain me with a working example about retention policies?

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Check the below blog, She first explain the case why we need the retention then how to implement in the SHarepoint, I think this will solve your issue.

Applying Document Retention in SharePoint 2010

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My main aim for asking this question is that i want to use something that is a replacement for a timerjob that periodically doing some task – luckydeveloper Mar 15 '14 at 9:24

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