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In the US, section 117 of the copyright law allows you to copy the software onto a hard drive, and make a backup copy.

Also, section 109 allows the owner of the copy to sell that copy to others, but not to rent, lease or lend it to anyone. Many companies distribute copies of software under a "license" rather than "sale", meaning you would not technically be the "owner" of such copies, but rather a "licensed end-user."

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