There are three ways to unlicense an individual component.
Way #1 When you are using Group Policy Objects to license PolicyPak… See this video.
Way #2 When you are using PolicyPak Cloud to license domain-joined computers.
First: Install the PolicyPak ADMX files as seen in this video.
Next, locate the PolicyPak Component in the ADMX file and the corresponding Group Policy setting to force a component to become unlicensed. An example of PolicyPak Preferences manager being unlicensed can be seen here.
Way #3 When you are using PolicyPak Cloud to license domain-joined or non-domain joined on-prem or roaming computers. If you are a PolicyPak Cloud customer, you may ask support to reduce your licensing for any component, like PolicyPak Preferences, to zero. Next time the computers connect to the PolicyPak Cloud service they will become unlicensed.