Unable to Accept Microsoft Office 2003 EULA under Windows 7

Are you unable to accept the End User Licence Agreement in Microsoft Office 2003 when running under Windows 7?

The answer is simple:

Right click the icon you use to launch any part of the Office suite
Select “Run as administrator”
Now “Accept” the EULA
Next time you start any part of the Office suite, the EULA will not appear
If you do not see “Run as administrator” – hold “Shift” while performing the “right click”