Providing your policies for retention don't have a Preservation Lock, you can delete your policies at any time, which effectively turns off the retention settings for a retention policy, and retention labels can no longer be applied from retention label policies. Any previously applied retention labels remain with their configured retention settings and for these labels, you can still update the retention period when it's not based on when items were labeled. For more at Data Retention Policy You can also keep a policy, but change the location status to off, or disable the policy. Another option is to reconfigure the policy so it no longer includes specific users, sites, groups, and so on.SharePoint sites and OneDrive accounts: When you release a retention policy for SharePoint sites and OneDrive accounts, any content that's subject to retention from the policy continues to be retained for 30 days to prevent inadvertent data loss. During this 30-day grace period de...