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In this tutorial, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred by owners to others and how they can involve others in exploiting their works. Licenses and assignments are pervasive in everyday products, such as beverages and clothing. For instance, the bottle of Coke we drink is produced through licensing processes, and a t-shirt featuring a well-known logo is also a result of licensing activities. Additionally, software usage is another example of how intellectual property rights are managed through licensing.