Ok here goes
Quote:
Originally Posted by Licence Agreement
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vBulletin licence grants you the right to run one instance (a single installation) of the Software on one web server and one web site for each licence purchased. Each licence may power one instance of the Software on one domain. For each installed instance of the Software, a separate licence is required. Modifications to the software or database to circumvent the one-license-one-board rule are prohibited.
<snip>
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In
this thread at vB.com cookie domains are being discussed with Jake for a 4 domain 1 site set up.
I hope this answers your questions. Any further stuff may be found in that thread at vB.com or contact support via your members area and they will clarify your proposed set-up