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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 rights. He explains how IP rights can be transferred by the owner to others, enabling participation in the exploitation of these rights. Examples include the licensing processes involved in the manufacturing and consumption of products like Coca-Cola bottles and branded t-shirts. Additionally, software use involves licensing activities, highlighting the pervasive nature of IP licenses and assignments in everyday items. The module aims to clarify where and how these licenses and assignments are present in various industries.