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In this module, 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 by the owner to others and how owners can invite participation in the exploitation of their works. Dr. Methyl highlights that licenses and assignments are prevalent in everyday items, such as Coca-Cola bottles, which are produced through licensing processes. He also notes that branded merchandise, like T-shirts featuring popular logos, and software are examples of products that involve licensing activities. This illustrates the significance of IP in various industries.