What happens to my work when I cancel my subscription?

Question

Assuming I have subscribed to Creative Cloud for some years, and some circumstance leads me to cancel my subscription, what happens to my work after cancellation. How do I open these native files (.indd, .ai, .psd) ?
If I am a subscriber to Creative Cloud, can I share native files with someone who has CS 6 or will the files be incompatible?

Answer 1

Pauls Sloss the following information is available within the Creative Cloud FAQ - http://www.adobe.com/in/products/creativecloud/faq.html
Can the new CC applications export to CS6? 
Many of the Creative Cloud desktop applications provide the ability to export files to the Creative Suite 6 version of that same application. This allows you to export your work to Creative Suite 6, which is available via a perpetual software license.
Adobe plans to continue to support the ability to export to Creative Suite 6 in applications where it is available when it ships.
New features added to the desktop applications after Creative Suite 6 may not be supported in the exported file, or supported by the Creative Suite 6 application.
Which CC applications support export to CS6?
The following applications support the ability to export to the CS6 versions of the application:
Photoshop
InDesign®
Illustrator
Flash® Professional
Dreamweaver®
Applications not listed here may not support exporting to Creative Suite 6, and may not do so in future releases.
New features added to the above list after Creative Suite 6 may not be supported in the exported file, or supported by the Creative Suite 6 application.
What happens if I decide to stop my membership? 
You will continue to have access to free Creative Cloud member benefits, and if you saved your work to your computer you will continue to have access to those files. You will no longer have access to the Creative Cloud desktop applications or most of the services that are components of a Creative Cloud membership.
If you purchased an annual individual membership plan and you cancel after the first 30 days but before meeting the 12-month commitment date, you will be charged 50% of the remaining amount left on your contract.
What happens to my files in the cloud if I cancel my membership? 
If you cancel your paid membership you will still have access to the free level of membership, which provides 2GB of storage. You will have a 90-day grace period to download your files to your local machine, and delete online files to get your cloud storage down to 2GB (or to purchase additional storage separately if you choose). If you leave more than 2GB of files in your cloud storage for more than 90 days, you may lose access to some or all of your files.