These Office productivity suites include the traditional Excel, PowerPoint and Word applications (plus Visio Pro and Project Pro for Windows users) and will get sold under so-called "perpetual licenses," rather than subscriptions. One characteristic of the perpetual-license model is that organizations pay for the Office product in one lump sum. Perpetual licensees don't get access to the new feature updates that arrive to Office users who pay via recurring Microsoft 365 subscriptions.