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In this module, Dr. Raman Methyl from the Faculty of Law at the University of Delhi discusses assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred from the owner to others and how owners can invite participation in the exploitation of their IP. The concept is illustrated with examples, such as the licensing involved in the manufacturing and consumption of Coca-Cola bottles and T-shirts featuring famous logos. Additionally, software usage also involves licensing activities, highlighting the prevalence of IP assignments and licenses in everyday products.