HT1386 When I update my IPad to the IOS 5 system will I lose my apps that I purchased from the ITunes store?

I have an IPad 2.  I want to update it to an IOS 5.  Will I lose my apps that I purchased from the ITune store?

What you should do anytime that you update the device is to transfer purchases from the iPad into iTunes - File>Transfer Purchases - and you should backup the iPad as well. When you update the update the device, if something goes wrong, you can restore from the backup.
However, iTunes should ask if you want to backup before you update, but just in case create the backup yourself before you update. The backup contains your app data and settings  - so make sure you backup first. If something goes awry when you update, with regard to apps, you can download them again for free as long as you use the same Apple ID that you bought them with.
If you have any other important files, you may want to transfer them to your computer as well, prior to the update.
Transfer purchases.
http://support.apple.com/kb/HT1848
How to backup
http://support.apple.com/kb/HT1766
How to update your iPad
http://support.apple.com/kb/HT4623
Downloading Past Purchases
http://support.apple.com/kb/HT2519

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