Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
Try the steps given in the link at the bottom to change the product key for Microsoft Office (this will allow you to enter a new product key):
Disclaimer: if you use Registry Editor incorrectly, you may cause serious problems that may require you to reinstall your operating system. Microsoft cannot guarantee that you can solve problems that result from using Registry Editor incorrectly. Use Registry Editor at your own risk
To back-up registry for Windows Vista refer to this link: http://windows.microsoft.com/en-US/windows-vista/Back-up-the-registry
Note: to open Run on Windows Vista, click on Start > All Programs > Accessories
http://support.microsoft.com/kb/895456