"Copy". "Move" or "Transfer" an Office installation to another computer.

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As general rule only retail license allows transfering Microsoft Office from one computer to another.

• FPP- Full Product Pack
• HUP - Home Use Program, variation of the FPP, Corporate discount

Also Office "Home and Student" bundle allowed install and activation on up to 3 computers ( "in the home").

Right to Transfer the (retail ) License to a new computer

• Office 2003 is tranferable
• Office 2007 is transferable
• Office 2010 is not transferable, as general rule
• Office 2013 is transferable
• Office 2016 is transferable

Activation of Transfered Office on  a new computer 

• Office 2003 is  up 2 activation
• Office 2007 is activation
• Office 2010 is not transferable, as general rule
• Office 2013  activation every 90 days
• Office 2016 managed by online account

Referneces

• the following article describes which Microsoft Office installations are transferable.
• the follwoig arciles gives a detailed steps how to tranfser Microsfot Office 2003