Microsoft yesterday released a new 14.3.1 update for Office for Mac 2011 to fix a bug in the licensing alerts, which caused Office applications to claim they were unlicensed. The problem was seemingly introduced during a previous bug-fix update.
Stability is improved
This update fixes an issue that may cause Office 2011 applications to report a problem with Licensing even though the applications continue to run unaffected.
The update is non-critical, as all Office applications continue to work despite the spurious alerts.
The the new 14.3.1 update comes roughly two weeks after Microsoft released Service Pack 3 (14.3.0) for Office 2011, delivering a number of other bug fixes.
Microsoft also launched its Office 365 subscription packages late last month alongside Office 2013 for Windows, but Office 365 subscribers needing Mac versions remain on Office 2011 as Microsoft's Mac versions typically lag their Windows counterparts by 12-18 months.