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In this video, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred from owners to others, allowing participation in the exploitation of the works associated with those rights. Dr. Methyl highlights everyday examples of IP licensing and assignments, such as the licensing involved in the manufacturing and consumption of Coca-Cola bottles and the logos on t-shirts. He also mentions that the software we use is subject to similar licensing activities, emphasizing the prevalent nature of IP assignments and licenses in various products and services.