Microsoft deems the Office LTSC for Windows and Office 2021 for Mac products as being device-based perpetual-license products designed for use by "commercial and government customers." They should just be used when frequent software updates can't be tolerated by an organization, according to the announcement: Microsoft is targeting the general availability commercial release of these Office perpetual-license products for "the second half of 2021," according to the FAQ. Perpetual licensees don't get access to the new feature updates that arrive to Office users who pay via recurring Microsoft 365 subscriptions. One characteristic of the perpetual-license model is that organizations pay for the Office product in one lump sum. These Office productivity suites include the traditional Excel, PowerPoint and Word applications (plus Visio Pro and Project Pro for Windows users) and will get sold under so-called "perpetual licenses," rather than subscriptions.
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