If it's an OEM version, its licence is only valid for the PC it came with. So, if you sell the PC, there's not much point in keeping the Office 2003 OEM CD & Product Key. Besides which, any new PC you get is likely to come with Windows 10 installed and, according to Microsoft, Office 2003 isn't compatible with it.
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Cheers,
Paul Edstein
[Fmr MS MVP - Word]
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