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JChem for Excel works with the standard ChemAxon licensing infrastructure, and also allows several points of extension. If additional license files are specified, JChem for Excel takes into consideration all of the licenses.
Additional License File Location in JChemExcelSettings.xml
It is possible to specify additional license file name and location with the following XML key:
You can use a few JChem for Excel features without having a valid license:
-visualize structures in JChem for Excel spreadsheets
-convert structures to images/shapes
-print out JChem for Excel worksheets
-run the license form/settings.