Microsoft Information Governance and Records Management AMA

Hey Sebastian! The documentation at this location explains this pretty well: https://docs.microsoft.com/en-us/microsoft-365/compliance/retention-policies-sharepoint?view=o365-worldwide#whats-included-for-retention-and-deletion Basically, list items (except those in system lists) can have labels applied to them, but are not affected by retention (container-based) policies.