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In this video tutorial from Code Tutorials, the process of registering and de-registering a WordPress theme from the code interactive catalog is explained. After purchasing and activating a theme, it is crucial to register it to access essential features, such as importing demo content and using theme-specific shortcodes. Each purchase code corresponds to a single license, allowing the theme to be used only on the registered site, adhering to market rules. The tutorial emphasizes the importance of correct registration on a live site, as failing to do so can lead to issues when updating the theme. Additional information about available licenses is provided via a link in the description.