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Adobe allows Elements using the product key, to be installed on two computers.
Sorry, there was a problem. Please try again later.May I install Photoshop Elements on more than one machine? You can install your product on up to two computers. If you want to move your product to a new computer, simply choose Help > Sign Out in the product from one of the computers that has an active licence. You can then install the product on your new computer. This comes directly from the Adobe Photoshop Elements FAQ. Anyone could find this with a quick Google search.
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