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Ability to transfer MS SQL Server License

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Hi, we have some SQL servers we want to replace with virtual servers. Are we able to transfer the MS SQL Server licenses from the old servers to the new ones? I realize there are different licensing options with virtual servers but wondering if the licenses are still valid or are there different licenses needed for the virtual servers? Basically I'm asking if a SQL Server license is a SQL Server license or does it depend on what type of server the license is being used on? Thanks.


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