Can one deauthorize FCE HD 3.5 so that another user can install?

Hi,
Many thanks in advance for your attention.
1. Is there a limited number of installs one is permitted with FCE? How do I deauthorize 3.5 in my computer so that it can be installed anew on another's computer? Put another way, how do I transfer the 3.5 Serial Number over to someone else?
2. I have FCE 4 now. Can I install that over my FCE HD 3.5 imbedded in computer now? Or should I uninstall FCE 3.5 first? From what I read, no easy way to uninstall 3.5
3. Like in iTunes, if one gets a new computer, you can deauthorize your old one, and reinstall your iTunes purchases anew in your new computer.

1. The FCE license allows you to install on one desktop and one laptop as long as you own both, are the user of both, and only use it on one machine at at time. This is somewhat on the honor system. There is no formal deauthorization like there is in iTunes. You can transfer the 3.5 license to someone else as long as you don't keep 3.5 on your system and you don't use 3.5 as the basis for upgrading to FCE4 (i.e. the $99 upgrade as opposed to the $299 full license).
2. Yes, you can install FCE4 over FCE 3.5. If you really want to uninstall FCE3.5 first, here are the instructions.
But be honest here. If you purchased the FCE 4 upgrade (as opposed to the full version) for the purpose of upgrading from FCE 3.5 then you are legally not allowed to transfer the 3.5 version to someone else, or even to another computer that you own. You will need the 3.5 serial number in order to install 4.0
3. FCE is not like iTunes.

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Can one deauthorize FCE HD 3.5 so that another user can install?

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