LEGITIMATE copy. Fully registerable - you download from Microsoft with this code, and burn it to CD. This is the Professional version - if you want, I can d/l it and burn it to CD prior to the sale being completed. I went to the Office 2007 Launch event - and realized I have no need for the software, but maybe someone else does for a deep discount ! PM with reasonable offers - and I THINK this will only "function" in the US - I don't think it is exportable.