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1. A registration code doesn't necessarily mean that it can't be on two computers....if it has an activation (it goes out on the internet, contacts the software creators with your registration #), then you can't use it on two computers. Otherwise, if it's just a registration code with no activation, then you can use it on as many computers as you want.
2. The software might require the CD to be in the CD drive to run. If so you'll have to bring it back and forth with you.....or you can make a "backup copy." However, many CD's have intentional errors on them so that the cd copying software won't copy them correctly (and your backup copy won't work). In that case, you'd have to use a program that recognizes that error and will copy the CD correctly, such as Alcohol 120% or CloneCD. Also, you can get a no-cd crack for it (if one exists).
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Usually those type of protections are for games or office software, so yours may not have any of that.
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