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In this module, Dr. Raman Methyl from the Faculty of Law at the University of Delhi discusses assignments and licenses related to intellectual property (IP). He explains how IP rights can be transferred from owners to others and how owners can invite participation in the exploitation of their works. Examples of licensing and assignments are prevalent in everyday products, such as the Coca-Cola bottle, which undergoes a licensing process during manufacturing and distribution. Additionally, merchandise like t-shirts featuring logos and software use licensing activities to facilitate their consumption. This emphasizes the widespread nature of IP licensing in various industries.