Hi @Barnabas, Welcome to the Waves community forum.
BlockquoteThe License Agreement does not say anything about a possible expiration date, yet clearly states that I can go to Waves-com and transfer my plugins to a new computer. Waves does not stand behind their License Agreement. Thousands of dollars of Waves plugins are going in the dumpster
Please note that the licenses are users can work with your plugins as long as they are running on a supported O.S, if you are not willing to update you always can roll back your O.S to an earlier version.
Regarding the Waves Update Plan is our complete care package for your Waves products. It will ensure you are always up to date with the latest version for a whole year. Any new product added to a bundle you own will automatically be available for you with no additional charge while covered.
The Waves Update Plan is a platform that enables users to have support and the latest updates supporting platforms that are current and new on the market. Waves invest 100’s of man-hours in order to be able to support as many platforms and third company version updates as possible and WUP allows us to continue this development for our users. This ensures you that when you buy Waves and a new release comes out within the next year you will get it at no additional cost.
Additionally, while covered by Waves Update Plan, you may obtain a 2nd license for the covered products which can be used to authorize the plugins on a different device.
It will also provide you with priority tech support, 7 days a week. Our tech support representatives can assist with installation and licensing and troubleshoot any technical issues if needed.
When renewing expired Waves Update Plan coverage for existing products, you will receive a 45-day voucher which you can use towards purchasing new Waves products (up to 25% off a single plugin price or up to 50% off a bundle/upgrade price).
More information can be found here.
I hope this information will help.
Have a great day