I have ordered the theme and uploaded it to my dev site which is a subdomain of my test domain e.g. 8theme.testsite.com
I need to activate it and setup with one of the demos on this dev site. When the site is ready and I need to transfer it to the live site at e.g. http://www.8theme.com what happens regarding the license? Will I be able to activate it on the live domain so it can receive updates and support?
You may use the 1 license for the 1 dev domain and 1 live domain. But keep in mind that you can use our theme license for 1 end product only https://themeforest.net/licenses/standard.
To activate the theme on new site you need to deactivate it (via Theme Options) on old site.
If you will face any activation limit problem, simply provide your code in the Private Content area, we will check it and help activate the theme.
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One standard license is valid only for 1 project. Running multiple projects on a single license is a copyright violation.