It seems you already know your way around some of the EULA documentation:
(Scroll down to Adobe Creative Suite CS 5.5, CS 5 PDFs)
I will continue to look for the EULAs for the Educational Store but you might find them before I do by visiting the Educational Store and looking around for the documentation.
Hi Jarod, these articles should answer any and all of your questions
Hope these help!
Thank you so much for your answers!
What I found out is that the software can be installed on two different computers, activating twice, so I did have to deactivate the software on my desktop PC before formatting the hard drive. I am about to install the software on my laptop and see how it goes.