Great so it means that it does not need any license but will it update in case there is a new version released?
No. It won't update to the newer version. Nulled themes are detected and can't get any update from the original coder/publisher of it.
Alright since update is not an automatic something as regards the nulled version what about the licensed version, will it update automatically when there is a new release of the theme?
haha melisande you are acting like a middleman here instead of an interested buyer. lol. thumb up for helping the seller.
I might be acting like a middle man according to your judgement but it is not like that, OP want to sell what someone just told us we can get for free and i am trying to compare the two options, the nulled or license copy.