Earlier quoted context omitted.
...if you pay for it, and if your account doesn't get hacked, and if nothing goes wrong on Dropbox's side, and... That's to say, Dropbox is not a backup .
I don't know if this has gone to court yet - but I'd assume that if Dropbox does a thing to delete a bunch of data that causes you a great loss of value when you're paying them specifically to store a bunch of data - then there would be enough of an implied contract in place that you could extract a bunch of pain from them regardless of what their TOS tries to say. The law is complicated and the details are extremely…
Read the TOS. You're not getting anything from them if they delete your data.