There are two licensing options to choose from when you purchase Sequoia from ThemeForest. The Regular License and the Extended License. The billing process and licensing term are fully managed by Envato Ltd. and we don’t have any control over this matter.
If your end product (a website where Sequoia has been installed) is going to be free to the end-user, then a Regular License is what you need. An Extended License is required if you are planning to sell the end product.
Note to creative agencies and freelancers: The theme purchased under the Regular License can be used only on one project – one live website and one staging website. You may offer paid services for your clients to create an end product, even under the Regular License. However, you can’t use one Standard License for multiple clients or jobs.