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Basic overview newbe question

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I am totally new to True Image 2017. I got my copy this morning and wanted to get an overview on how it does work and what I need to accomplish.

I have this laptop that I need to clone into another somewhat similar laptop. (Lenovo X1 Carbon Gen 2 & Lenovo X1 Carbon Gen 3)

My questions are:

1. Do I need to install Acronis True Image 2017 on both Laptop?

2. I have only one license key. Will I need to purchase a second key?

3. I did and entire PC backup of the source to an external drive.

4. How do I know this PC Backup has the data, the OD and all other system files to restore into a new laptop?

5. Can I just do a restore of this PC Backup into my new Laptop and be done?

I need to understand the big picture first.

Thank you. 

 

 

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