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It is of my knowledge that also here in the US you have the right yo have 1 Back up copy of any software. And if you look closer to some cd's they have printed legends such as Do not make illegal copies, or something like that. But the only illegal part of that is distributing the software to people that didn't pay for that software. So if you make a copy for back up thats not illegal.
Most of the time this is true but I've seen some programs (not many though) that in the agreement section that pops up before you install the program that you can not make backups of the software. If you would like to make sure your not violating any laws reguarding the agreement, read the agreement before making any copies. Most people don't read the agreement section (I'll admit most of the time I don't) and if I remember correctly, by clicking ok, agree or whatever button they have, it becomes a legal binding contract to the terms listed in the agreement. If the program is copyrighted, unless shareware freeware or licenced under the GPL, you cannot distibute it to other people or in the right cases, other computers that could be owned by you. Like I said before, read the agreement and you'll probibly get the info you need on what you can and cannot do with the software.