But if the company shuts down then they won’t be able to maintain the app anyways so as a user I wouldn’t want to use the app anymore and maybe have a copy of my data. The company could be required provide a download of the user’s data (encrypted) before shutting down.

Yeah, but isn't it a lot simpler and easier if I already have a copy of my data?

> as a user I wouldn’t want to use the app anymore

I still have a working copy of Corel Draw 10 from like 2005.