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About license


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I'm not an English language native, I don't fully get this sentence:

"...After the support & maintenance period expires, you will need to purchase an upgrade license to continue using those benefits. However, the last version of the product will remain fully functional after the maintenance period is expired."

According to my undertanding, the year license grants me updates and support for 12 months, after the year, if I don't renew, the software continues working as usual (all features) but without updates (if I want updates I need to renew), is this correct or after the maintenance period the software goes back to trial version or just stops working at all?

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