Can someone explain to me what does it mean to "renew" the license? If I pay for the license now, assuming the world does not end tomorrow, will I have to pay for it again next year? How much?
The renew is for the subscription license for upgrades. With some of the applications you can get all the updates for free for a year and then you would have to buy a new subscription if you want newer versions if you don't want to pay any more you can continue to use the version you have until the end of the world.
The renewal is optional. You would still be able to use the builds released, during your valid subscription period after it ended. But in case you wanted to use builds that will be released after your subscription ended, you would have to go for a renewal.
