Licenses have expiration dates. The app can be updated as long as the evaluation license is valid. The app stops working when the license period license ends. That means:
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The system panels (Sub-Tasks, Linked Issues, and Issues in Epic) are reset to JIRA built-in configuration
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No customized Issue Panels and Wiki Panels will be displayed in the issue details page
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The configuration UI at the Project Setting level will be removed
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The configuration UI at the Admin level will be removed
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Stored data in database tables are preserved