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In this module, Dr. Raman Methyl from the Faculty of Law at University of Delhi discusses assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred from the owner to others, allowing for collaboration in exploiting the IP. The lecture explores instances of licensing and assignments, highlighting their prevalence in everyday products, such as Coca-Cola bottles, which involve multiple licenses in their production and distribution. Additionally, the t-shirts featuring famous logos and software usage are also examples of IP licensing, demonstrating how these concepts are integral to various industries.