Hi divyakurian,
The process for re-assigning the license depends on what kind of license you currently have.
But based on your post I'd assume you're using a fixed license hosted on SLM.
If this is the case what you want to do is revoke the license from the current user and re-assign the license to the new user. There are limits on the number of times you can do this process, so please be careful to not accidentally assign the license to the wrong user.
Details on this process is on this page here under "Revoke a license"
https://support.smartbear.com/licensing/docs/portal/for-license-admins.html#assign
