Legally Transfer your Apps to other iPhones

Recently I found a way to legally transfer your apps to another iPhone. Some software licences allow you to install the software on 3 machines. For the iPhone, all your apps can be installed on a maximum of 5 iPhones. This is how you can do it.

1. Ensure that the apps you wish to transfer is in your iPhone
2. Run the iTunes (mine is v9.2) you wish to transfer your apps to 
3. If you have not authorised the computer, Go to Store > Authorize This Computer and key in your iTunes credentials (Note that you can only authorise up to a maximum of 5 computers including your own)
4. Plug in your iPhone. You will see your iPhone on the left hand side. 
5. Right-click on your iPhone and click on Transfer Purchases

That's it. This will transfer all your current apps in your iPhone into that iTunes.