The Dynamics 365 Licensing Guide, updated in May 2025, serves as a comprehensive resource for understanding the licensing options available for Microsoft Dynamics 365 intelligent business applications. It outlines various deployment options, allowing users to select one or multiple applications based on their business needs. The guide includes a detailed table of contents, which organizes information by product, and provides specific licensing details for each Dynamics 365 application, including related applications, use rights, and capacity licensing. Additionally, it clarifies that the document is not legally binding and does not replace any legal documentation regarding licensing rights. The guide also includes updates on new online service offerings and changes to administrator role requirements, security roles, and use rights. Appendices provide further definitions, licensing requirements for external users, and additional resources for users seeking more information on Dynamics 365 licenses.