Evaluation License

Hi,

I have installed Intel Parallel Studio XE 2015 Update 2 Composer for project work. I have used an Evaluation License for the setup of the same.
I will be receiving the License File in a few days.

Could you please suggest me if the Compiler will still run all the components without a License File till I activate the same?
If it does work, please suggest the duration till when it can be used without the License File viz; 15 or 30 days.

Thanks