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we all know that copyright is an ip write and ip rights are just like other property rights so just as with tangible property where it is possible to transfer your rights to somebody else the same can be done with respect to intellectual property rights and in this particular lecture were going to be discussing the possibility of either licensing your copyright or assigning it to somebody else okay so the first point to note is that a license is not the same thing as an assignment as far as an assignment is concerned it means that the copyright owner is giving away basically theyre just selling the rights to somebody else who is then going to become the new owner of the rights and by the way since copyrights can be assigned so assigning means that the current copyright owner may not always necessarily be the initial author of that work because he or she may simply have obtained rights in that particular piece of work through an assignment okay and licensing is obviously not the same