what happens when the license expires, does it just stop working or are you able to use it with no updates.
Precisely this. The license you have is perpetual. The expiration is for eligibility for updates. So you will only be able to get updates that were released up through the time that your license expired.
I just got my license today, just wondering what happens when it expires, thanks for the info.
You are already ‘addicted’ by then … 
It’s how their business model is based… Seems to work well.
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