Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
To understand the OWC interactive license you may refer the KB article mentioned below:
http://support.microsoft.com/kb/556040/en-us
You may refer the FAQ which may provide some answers to your Questions on Distribution of Software components:
https://www.microsoft.com/about/legal/permissions/faq.mspx
For more information on Office 2007 suites licensing terms visit the following link:
http://office.microsoft.com/en-us/products/HA102103171033.aspx