Do you have to renew the theme annually

Dear Sirs,


I bought a theme from you about 6 months ago which is currently applying to a website of mine. I have 2 questions:

1) Do I have to pay for the theme every year in order to keep it active?


2) I am thinking of shutting down my website and starting a new website. If I do this, will I have to purchase a new theme from you guys or can I simply use the theme that I have already bought?

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