What is the EULA?
The EULA or End User License Agreement is the legally binding contract between you and Microsoft. This agreement governs how you may use, install, and dispose of Office. When you installed Office, or when you ran one of the Office programs for the first time, you were presented with the EULA in a dialog, and you were asked to click “I Agree” or “I Do Not Agree”. When you clicked “I Agree”, you agreed to abide by the EULA. The EULA is a binding legal contract between you and Microsoft.