Per seat licences are very standard. Interesting you've never encountered it when e.g. an MS Office 365 subscription is for so many devices (seats).
I believe that latter condition is actually true for Microsoft 365 Personal[1], too -- it's tied to your Microsoft account, and the one "seat" you're buying is that user, regardless of the number of devices you have. Business editions tend to be licensed differently.
[1] I know that looks like I got the name wrong, but apparently in April they changed "Office 365" to "Microsoft 365."