Article Author Your Office license does allow you to re-install on the same computer using the same Product Key as required. If you have a "Retail" rather than "Product Key Card" license, you will also have the right to transfer it to a new computer as needed. You will need to download the installation file, run the installation and use your 25 character Product Key again to activate it.
Office plans include premium versions of these applications plus other services that are enabled over the Internet, including online storage with OneDrive and Skype minutes for home use. Office plans are available as a monthly or annual subscription.