License Expiry Question

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Does the enterprise version license expire? I just tried to install an update and received a message that my license (enterprise) was purchased over a year ago and the update would run in "trial mode"

Licensed to: ************
Single computer license
Enterprise Edition
Issue date: 5/3/2011
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Michael
The program license is valid for versions released within 12 months after purchase. You need to purchase the upgrade at https://upgrades.weblogexpert.com/ to use the latest version of the program. The upgrade also includes other 12 months of updates.