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In this module by Dr. Ramin McCallum from the Faculty of Law, University of Delhi, the focus is on assignments and licenses of intellectual property (IP). It discusses how IP rights can be transferred by the owner to others, allowing participation in the exploitation of those rights. Examples of licenses and assignments are prevalent in everyday products, such as the manufacturing and consumption of Coca-Cola, which involves various licensing processes. Other instances include merchandise like T-shirts featuring logos, which result from licensing activities, and software usage, which is also governed by licenses. The module highlights the significance of licensing in the commercialization of intellectual property.