Your license includes one year of updates, both minor and major versions.
Every version released up to the end of that window, including versions
released before your purchase, remains usable; downloads stay available
while the build is published. You do not lose them when the year ends.
Renewal is optional and has no deadline: the price is the same whenever you
renew, even years later. Renewing early adds another year after the
current one instead of replacing it; renewing after it has ended starts a
new year on the payment date.
Your
account licenses show whether your
existing license is eligible and the actual renewal price.