It does, unless someone disabled it. <Tools><Options>(General tab) - Automatic backups. The backups get stored in C:\PADS Projects as Logic#.sch unless you direct them elsewhere.
JP: ????????? caused an OLE exception code -2147467259: No Description Available
error was caused by the bitmap being very large.
When using logos in Logic it is best to draw an outline of the shape and avoid the use of large bitmaps.