Yes , You can use it
To add a source:
Yes, that would be how the licensing
would work. If you are "transfering" a
license to another machine, you would
have to uninstall it from the machine
that will not be using the license.
Once you install the Office on the new
machine you want to use it, you will
have to contact the Microsoft Office
Activation line 1- 888-652-2342, the
Internet Activation will not allow you
to do so.
Max Sinnis Office and Outlook Setup
Since uninstalling isn't monitored, you will only have to call IF there is a problem with the activation
Personally, I never had any problems with reinstalling before, but that was the Business edition