What will I do with the SQL Server (2012/2014) (Standard/Enterprise) Licenses?

What will I do with the SQL Server (2012/2014) (Standard/Enterprise) Licenses?
Are these the same as software product keys, or just some pieces of paper the company needs to have on hand?
In which case, when we install SQL Server 2014, (and when looked for videos) - there is only 1 product key value to be put in, is there some other screen in the setup to input the License bought ( in our case will be Core licenses).
So in addition to the Core Licenses do will a Product key be needed? Would product key from an msdn work, as it is the licenses that we will buy to indicate that we bought to run the software on server X?
Thanks for any indications.

1. What will I do with the SQL Server (2012/2014) (Standard/Enterprise) Licenses?
Are these the same as software product keys, or just some pieces of paper the company needs to have on hand?
2. In which case, when we install SQL Server 2014, (and when looked for videos) - there is only 1 product key value to be put in, is there some other screen in the setup to input the License bought ( in our case will be Core licenses).
3. So in addition to the Core Licenses do will a Product key be needed? Would product key from an msdn work, as it is the licenses that we will buy to indicate that we bought to run the software on server X?
Thanks for any indications.
I will answer your question point wise
1. Keeping license key is good idea it helps you during audit and you have proof that you are using a valid Microsoft License. Plus in scenario of disaster where whole box gets damanged you might need to install SQL Server again in that case during
reinstallation on setup page where you need to enter key you might need need it. If you are missing your paper then you are in trouble.
2. Only on product key page license key is required and it is not required anywhere else during installation. Unless you enter valid product key installation will not proceed further.
3 License makes you a valid owner of Microsoft product with restrictions on how much hardware resource you can use how much max connections you can make etc. Key lets you install it on Windows machine making sure that you are using valid Microsoft product.
This was just a general idea please speak to your licensing specialist for more details. This is technical forum and we generally ask user to speak to licensing expert for such queries.
Please mark this reply as answer if it solved your issue or vote as helpful if it helped so that other forum members can benefit from it.
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