A GREAT many users of Cakewalk software have a great deal of appreciation for the Cakewalk company being kind enough to allow the non-simultaneous use of their products, meaning as long as you are only using their products on a single machine at a time, it can be installed on more than a single computer.
It is a matter trust by them, in part, and is greatly appreciated by the Cakewalk users - many of whom have to deal with those #%!(*!#%(* dongles, or other means other companies use to limit use of their software.
So - enjoy, yes you can install on your laptop and on your desktop, just honor Cakewalk and never betray the trust they have placed in you. Make sure you support them, through honest use of the software, and honoring your agreement, and Cakewalk will do its best to provide the best software they can. :)
Bob Bone