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Intellectual Property on the Cloud, any Traps?

Hi All

I've been asked to specifically find out what happens to our intellectual property rights if we use cloud storage, for our business processes, knowhow, systems, etc. .  

In my small mind I would have thought it is intended for our own use, not intended to become public, and therefore we are not giving up our IP.

Are there any pit-falls, other considerations, traps, gotchas, foul-play that I need to be aware of, or is someone being hyper-sensitive?

In a nutshell, do we loose any protection afforded by the law over IP?

Cheers,
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hmm interesting - thank you.
In a nutshell you're basically correct. Lacking any other declaration from the service your IP remains your property, unless the TOS specify otherwise. That's why the TOS is so important.
Thanks, you've given me much to think about