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In this module, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses the assignments and licenses of intellectual property (IP). The focus is on how IP rights can be transferred from the owner 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 Coca-Cola bottles, which involve various licensing processes, as well as branded t-shirts that feature logos from popular characters. Additionally, software consumption is also subject to licensing agreements. The tutorial highlights the significance of understanding these processes in the context of intellectual property rights.