It is imperative for many firms to know how to protect Intellectual Property on cloud. In terms of such data, handing it over to any 3rd-party, specifically the most critical data and sensitive information, is for sure a very risky proposition. Cloud data storage usually creates many unique concerns for managements as per such intellectual property, which has been stored over cloud. Limitations in terms of budget along with exponential volume of data have been encouraging most firms to look for rather more cost-effective options for cloud data storage. Cloud data storage has certain benefits over conventional ways of storing data in-house, like agility, fast processing and apparently safer replicas storage for fast data retrieval whenever needed. Capability of uploading/extracting uploaded data from various locations as well as the ability of easily merging many information sources certainly makes cloud data storage a well logical data storage facility used for backing up and arching data. This relatively more cost-effective cloud storage facility seems to be a greater incentive than buying more expensive in-house data storage devices. But, at the end of the day, cloud storage doesn’t always make a suitable solution for confidential data storage, specifically for proprietary Research & Development data or the Intellectual Property per se. At times, such crucial data remains available to be viewed by others, thus jeopardizing any company’s trade secrets as well as intellectual property.