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The license file's name is pixar.license and ordinarily goes next the the distribution directories. For example if you use the default locations on each operating system the license file would be: 

• Linux

  Code Block
  /opt/pixar/pixar.license

• Windows

  Code Block
  C:\Program Files\Pixar\pixar.license

• OSX

  Code Block
  /Applications/Pixar/pixar.license