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In this module, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses the concepts of assignments and licenses related to intellectual property rights (IPR). He explains how IP owners can transfer rights to others and invite participation in the exploitation of their works. Dr. Methyl highlights the prevalence of licenses and assignments in everyday products, using examples such as the bottling process of Coke, where licensing is crucial, and merchandise like t-shirts featuring popular logos, which also rely on licensing activities. He further mentions that software usage is similarly governed by licensing agreements.