{TAIL ~ The value} of {HEAD ~ the license} may be discounted to adjust for various risks or adjusted based on whether the license is exclusive, limited exclusive, or non exclusive 
{ TAIL ~ The value } of { HEAD ~ the license } may be discounted to adjust for various risks or adjusted based on whether the license is exclusive , limited exclusive , or non exclusive
TAIL TAIL TAIL TAIL TAIL TAIL OTH HEAD HEAD HEAD HEAD HEAD HEAD OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH OTH