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>If you're not willing to honor the license, what possible point would there be to paying for the software in the first place?

This practice is actually fairly common. For example, almost all the technical people I know have bought OEM licenses rather than retail licenses for previous versions of Windows when they're building new systems. According to Microsoft, an OEM license is only valid if you sell the new system to someone else, not use it yourself[1].

[1]http://www.microsoft.com/oem/en/licensing/sblicensing/pages/...



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