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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 works. Dr. Methyl highlights the prevalence of licenses and assignments in everyday items, such as Coca-Cola bottles, which involve various licensing processes. He also mentions that the t-shirts featuring famous logos and the software we use are examples of licensed products, illustrating the widespread application of intellectual property rights in manufacturing and consumption.