For each template, you have different options for licensing your BIG-IP VE(s). Note that not all options are available for all templates.
Bring your own license (BYOL) templates require you have a valid BIG-IP license token/key that you enter in the template. Contact your F5 Sales representative to acquire BYOL licenses.
Pay as you go (PAYG) templates allow you to use hourly licensing, so you do not need to have an existing F5 license.
BIG-IQ licensing templates use an existing BIG-IQ device with a License pool of BIG-IP VE BYOL licenses. You must have a BIG-IQ and a pool of BIG-IP VE BYOL license to use these templates.