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SQL Server 2014 multiple licensed copies

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We are a small shop. I have 1 VM to install SQL Server 2014. However, I am required to have a licensed copy for every contract we have. This means I can't install the databases into 1 copy. Contract A requires its own licensed copy and instance; Contract B requires its own licensed copy and instance.  Is it possible to install SQL Server 2014 in this fashion?

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