one more tidbit from the app license itself. Sorry, I'm wading through legalese, not trying to spam the thread. :/
Quote:
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a. Scope of License: This license granted to you for the Licensed Application by Licensor is limited to a non-transferable license to use the Licensed Application on any iPhone or iPod touch that you own or control and as permitted by the Usage Rules set forth in Section 9.b. of the App Store Terms and Conditions (the “Usage Rules”).
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All of this is on the same license page I linked above, you can search for a phrase to read the whole thing in context.