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for example, a company hire me to make a new system/software for them and ill be making it at home. Do i have to purchase a new license of visual studio if i already have my own?
It doesn't matter if you're dealing with a work for sale or work for hire so long as the terms of your VS license are not restricted. You can always read the EULA if you're not sure.
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oh yeah... documentation... I have heard of that.