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In this module, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses the concepts of assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred from the owner to others and how owners can involve others in the exploitation of their IP. Examples of licenses and assignments are prevalent in everyday products, such as the licensing involved in the manufacturing and consumption of a Coca-Cola bottle, and the logos on T-shirts, which also result from licensing activities. Additionally, he notes that software usage is similarly governed by licensing agreements.