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When you buy a copy of Windows, you don't buy any of the software on the disk. Microsoft owns the software. You just bought a license to use their software. It's the same as buying a music CD. You don't own the music or the lyrics on the disk, you just own a license to listen to it. All licenses include terms for the use of the product.
For those who find Windows' license terms too restrictive, open source (Linux, Open Office, etc.) is definitely the way to go.
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