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File usage after subscription expired or canceled

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Hello!

 

I keep reading that if the subscription is expired or canceled, the files created using the suite are no longer available for use. How is that? I was under the impression that I can locally store all my files. If I transfer my files to someone with an active copy of Photoshop, they should still be able to be used correct?

 

I have at least three people I actively swap created files with and don't wish to lose files I create during the subscription period if I choose to go on another direction.

 

Thanks!


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