Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
I have managed to cause this issue and painfully resolve the issue. Although may not be same for all users worth a quick check if you have date and time set correctly.
First of all I followed the instructions to delete cache, made no difference.
Tried a re-install from being logged into my subscription, made no difference.
Then I cleared all the cookies and this cleared some of the hotmail login info that is normally stored there.
Now when I logged back still was unlicensed and I tried to then authenticate myself in office . Now instead of error 29 it complained about date/time issue instead . I had previously changed my date and time while doing some testing on some batch files. Anyway I went back into date and time settings and set it to automatic, restarted word and PowerPoint and they are all now up and running no error 29 !
Hope this at least helps one other person !!