The terms & conditions section relates to woocommerce functionality. The code of Elementor in terms & conditions area is shown even with the default theme, so this situation relates to the functionality of WC, and independent of our theme/can’t be fixed from our side.
We would recommend you do not use Elementor to create content of the terms & conditions page because WC and Elementor are not compatible there.
One standard license is valid only for 1 project. Running multiple projects on a single license is a copyright violation.