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New OS With New Motherboard?

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You do not need a new license even if it is an OEM copy.
Saying that I beleief there are restrictions on how many times you can re-install different versions of Windows (retail and OEM) which is odd as most of us would reinstall it often just to start with a 'clean' machine.
My suggestion is to create a clean install and image the validated baseline and use that to rebuilt from.