Licensing Question – Installing on laptops
We have had several people ask the question of "If I install Office 2007 on my desktop, can I also install it on my laptop as well? The answer to this question is yes you can. Per the Product Use Rights, page 12, it states that before you use the software under a license, you must assign that license to one device (physical hardware system). That device is the "licensed device." You may install a copy on a portable device for use by the single primary user of the licensed device.
We designed these Product Use Rights to help you license and manage Microsoft products. For use of any existing product, you may refer to this or any prior update to the product use rights that applied to your use of that product. We identify additions, deletions and other changes to the product use rights. Clarifications are also provided in response to customers' questions.
Great question.