Can I include hardware locking to a license which is also limited to a number of instances inside a network?

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Can I include hardware locking to a license which is also limited to a number of instances inside a network?

Yes, in fact, the new Network Instances module in version 3.0 forces you to hardware lock the network instances license. You have to generate the license locked to the machine that will act as the "server". That server machine needs to run first the application and after that, other client machines can start the application.