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There's still per-window and weekly limits though, so it's not really like that.
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Office 365 is licensed per seat/account, but each account has a 5 device limit. Do you think it's fair game for an enterprising person to sub license each account to 5 people, 1 device each?
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I wouldn't do it personally for the same reason I wouldn't share my toothbrush with 5 people.
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That kind of mentality never works in business.

Bear in mind that for years people shared Netflix accounts until it was cracked down technically.

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You can write whatever contract you like, the problem is how to enforce it, and a greater problem is enforcing it around the world.
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