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There's still per-window and weekly limits though, so it's not really like that.

Office 365 is licensed per seat/account, but each account has a 5 device limit. Do you think it's fair game for an enterprising person to sub license each account to 5 people, 1 device each?

I wouldn't do it personally for the same reason I wouldn't share my toothbrush with 5 people.

You can write whatever contract you like, the problem is how to enforce it, and a greater problem is enforcing it around the world.

That kind of mentality never works in business.

Bear in mind that for years people shared Netflix accounts until it was cracked down technically.