Hello!
The element will continue to function within the version of Formea it was installed on. For example, if you downloaded and installed the element while using Formea version 1.2.0, it will continue to work within that version.
However, when Formea is updated to a later version (often due to Joomla! version updates), the previously installed elements may require updates to ensure compatibility. This is because new Formea versions might introduce changes that could cause compatibility issues with older elements.