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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, enabling participation in the exploitation of these rights. Dr. Methyl highlights the prevalence of licenses and assignments in everyday products, using examples such as Coca-Cola bottles, which involve multiple licensing processes in their production and consumption. He also notes that clothing with logos and software usage are subject to similar licensing activities, illustrating the importance and ubiquity of IP licensing in various industries.