Word document opens in Readonly mode and not able to edit and shows unlicensed product on top
We should manually repair the word program and then reopen the document. If you have the files in an non-editable formats, then the issues are not only with the unlicensed errors but also due to the read only permission issues. First read the messages on the top of the menu bar in order to conclude the issue.
If you see the unlicensed message, then you can follow the below steps to see if that gets fixed.
You can restart your computer once.
You can also try to re-login to your office account on your word program.
Try to repair the word program
Try to reinitialize the word related services.