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In this module, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses the assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred by the owner and how others can be invited to participate in the exploitation of works protected by these rights. He highlights the presence of licenses and assignments in everyday products, such as the Coca-Cola bottle, which involves various licensing processes in its manufacture and consumption. Additionally, he mentions that clothing featuring famous logos and software also rely on licensing activities for their distribution and use.