I have Adobe Photoshop Elements 8 on my old lap top.  How can I install it on my new lap top?

I already have Elements 8 installed on my old laptop.  I got a new laptop and need to take it off my old computer and install it on my new one.  Is this possible or do I need to buy a new program?

Deactivate and then unistall Elements 8 on your old laptop and install it on the new machine.
Thanks
Nikhil

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