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An OmniWeb 5 license is good for all versions of OmniWeb 5... from 5.0 to 5.999.999 (were we to ever get that far).

You won't need to upgrade your license until we come out with OmniWeb 6.0--which hasn't even hit the planning stages yet but will hopefully include more paradigm-shifting ideas in the way that 5.0 introduced workspaces and site preferences.