This means that if you install the application today and the license expires tomorrow, after a few hours the application will stop working and if you install it tomorrow it won't work at all. When the license is expired either you purchase a new license or you install a newer version of MakeMKV. The application is shipped with a demo license that expires on a given date. Unlike what MakeMKV says on its web site, you can't use all functionalities for free during 30-days trial period. I'm not sure what you're referring to as far as an expiring license.
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