Are you currently using or Instance-based (VUL) licensing?
Here is a comprehensive guide to everything you need to know about Veeam V12 licenses, from the types available to how they are managed. The Shift to Veeam Universal License (VUL) veeam backup and replication 12 license key
A free version for small labs or home use, allowing up to 10 instances/workloads for free. Key Features Unlocked in Version 12 Are you currently using or Instance-based (VUL) licensing