Academic Version After Graduation

Hello,
Just a quick question that I could not find the answer for anywhere else. I believe I already know the answer but I just want to make sure.
I purchased the Academic version of Final Cut Studio during my sophomore year of college for use in student films. I am graduating this spring and plan to start a production company part-time. Do I need to purchase a Commercial version of Final Cut Studio to use when I charge clients for work? (Another way to ask that is "Can I use my Academic version of Final Cut Studio for use with client projects?")
I know I cannot upgrade my Academic version to the Commercial version and have to buy it at the full retail price. I assume that I would need to buy the Commercial version before I can start charging clients, but I want to make sure.
If anyone knows the answer please enlighten me, thanks!

I don't recall anything in the licensing agreement of the last few versions that prohibits the licensee from earning money with the software.
-DH

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