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I have a legal, store-bought copy of Windows 7. I'd like to install it into a virtual machine, either VMWare or Parallels.

I have VMWare Fusion on my Macbook Pro and my iMac.

My question is, once this VM is configured and activated, can I copy the VM to the second Mac and run it in the second mac's VMWare. activated and legally?

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Simultaneously or sequentially? – Shinrai Nov 30 '11 at 17:01
Legally you can probably only use one copy at a time. – Melikoth Nov 30 '11 at 17:03
"Legal" may vary depending on jurisdiction, but I'm fairly certain this violates Microsoft's EULA. – Iszi Rory or Isznti Nov 30 '11 at 17:05
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No.

The Windows 7 Home Basic EULA says

  1. INSTALLATION AND USE RIGHTS.
    a. One Copy per Computer. You may install one copy of the software on one computer. That computer is the “licensed computer.”
    b. Licensed Computer. You may use the software on up to two processors on the licensed computer at one time. Unless otherwise provided in these license terms, you may not use the software on any other computer.
    c. Number of Users. Unless otherwise provided in these license terms, only one user may use the software at a time.

If you have very deep pockets you could ask your lawyers to discuss with Microsoft lawyers whether you are legally bound by the above.

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