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If the license is revoked, the former staffer won't be able to use it. Microsoft doesn't care if one of those devices is a home PC, either.
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If you have multiple devices per user, O365 can save a boatload of cash with it's "5 devices per user" model. If you're an a six-year cycle, you'll spend about twice as much with O365. Depending on your normal refresh cycle, O365 is either the same as traditional volume licensing or it's more. Your accounting department will tell you which one is better for the organization. Traditional volume licensing is typically a capital expense. OEM and/or Retail: Not a viable option for business use with more than a handful of seats. Specific license will vary with a couple of things. With Office 365, you will have to pay each year for each user. I believe jenyus described the volume license install.
Free upgrade to office 2013 install#
To keep check which pc with which install key, you will need a spreadsheet as MS website will not let you enter any kind of note. Your Retail key is now useless, you can throw it away. (I believe there is also a limit how many Retail key you can link into one MS account). With Retail version you get a key, then you will have to sign up and sign into MS account, link the Retail key to that MS account, then MS will give you an new install key, now you can download the installation file or use the new install key with an Office 2013 ISO/CD.