Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
Do you need further assistance with this? Emily's question from July 18, regarding the specific product name, is crucial.
Starting in the middle of July, you also need to run macOS Monterey or later (because Office won't run under older versions). See John Korchok's article at https://www.brandwares.com/bestpractices/2023/03/most-recent-office-you-can-run-best-practices/ . Official documentation from Microsoft can be found at https://support.microsoft.com/en-us/office/lifecycle/officeinstall/update-m365-office-macos-ios. For more details, have a look at https://learn.microsoft.com/en-us/microsoft-365-apps/mac/certificate-update-mac-ios (the article is primarily written for admins, but it contains relevant information for all users).