For any license of Web Equipe Theme, you will get the PSD files if needs. So, there is no problem now of getting the PSD files.
Important to realize, all the updates of any theme occur within the WordPress Admin Panel. So, when you try to get an update for our theme, it needs to connect with our servers. And if the connection gets any newest version/files in our servers, it will display the new update available into your WordPress dashboard. Here, you are asked if you want the update. If the answer is positive, it needs the write permission to copy the files into certain folders of WP content.
Now, using FTP first locate the above folder, then with right-click on the folder, go to Properties and check on the write (W) permissions.
When you import demo content in our theme, you will get most of the images as blurred. Due to legal rights of the images, we need to do it. Because we have bought the images for single uses only, we have no right to redistribute it. For this reason, all of the images on our demo will be blurred. All our clients change the demo images according to their needs. So, it nothing happens if you see the blurred images with the demo. You can get free high-quality photos from Unsplash or PhotoPin or other stock photo sites.