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Microsoft Volume Licensing

Microsoft Volume Licensing is a term used by Microsoft to describe a program for organizations that need multiple Microsoft product licenses, but do not need multiple copies of the software media and the documentation that comes with the software. Microsoft Volume Licensing typically offers organizations lower pricing, two or three-year license agreements and often product use rights not included with FPP (Full Packaged Product) licenses, such as rights to copy the software onto multiple devices.

See license and software licensing.
See also "Is Software Ownership the Same as Licensing?" in the Did You Know...? section of Webopedia.

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