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What's the data retention policy? How will this be used, and by whom? What is their data retention policy? Will this be used to train AI? Etc etc etc.
Regardless of the answers provided Hard Pass.
Normalize Saying No
Ironically, a well known video hosting site (not necessarily loom, never heard of it) probably has better data retention policies than a random company's WorkDay site.
The public DRP may not apply in a B2B contract.
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