If you use it, you are pirating the software, and (unless you live somewhere that does not recognize copyright law) can be prosecuted for theft for the retail value of the script, plus possible additional fines and damages.
If the value of the script (or other pirated scripts that get found if you get busted) go above a certain value (varies from jurisdiction to jurisdiction), most places will consider it a greater crime, and prison is not out of the question.
With that out of the way, there are a few things to know when you "preview" a script:
Don't leave any readme.txt or .nfo files in the folders on your server that contain information about cracked or nulled software. This is one of the major ways that people get busted.
If you do get busted, have a story ready to go about outsourcing to a contractor on the Internet, and "make things right" by licensing the software immediately, or taking the site offline. Most script providers just want to get paid, or failing that not have you profiting off of them, and most times, this will be the end of it.
If you make decent money off of the site, then pay the fees to license the software properly! First of all, it is the "right" thing to do, and secondly, it protects you. The worst thing that you can do, IMO, is to make serious money off of the script, and not pay for it. This will piss all sorts of people off, and they will simply want your head on a platter if they catch you.
Best of luck.