Personal licence - number of "installations"

I either missed it or this important information isn't written anywhere. In a team of two developers, does everyone have to buy their own personal license when we work on the same project?

thanks

Each person will require their own personal license yes, this has always been the case, even with Construct 2.

Bear in mind that if the country in which you reside considers your development team a business then you'll need to purchase a business license.

There's more detail about business licenses in the terms and conditions.