Activation, registration, licensing

On one of the support pages it says:

Quote:

Please note: With the release of X1 Search we made a change our licensing scheme, making it easier to distribute product updates and new releases. As part of this change, X1 Search requires you have an active internet connection to validate the installed license file, and Search "phones home" to our activation server once every 14 days.

I have been using X1 version 6 for the last several years and it continue to work well, through Windows 7 and on to Windows 8.1 I haven't felt much need to upgrade but I'm thinking (as I previously have) of purchasing a license to the latest version.

What happens when the 1-year license and support period expires and/or I were decline to upgrade and renew? Will I be able to continue using the version I've got installed? Will it continue to phone home? Will I run into problems if I needed to reinstall the version an older version, outside of its support period?

Thanks.

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