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Dr. Raman Methyl from the Faculty of Law, University of Delhi, introduces a module focused on assignments and licenses of intellectual property (IP). The discussion covers how IP rights can be transferred by the owner to others, allowing participation in the exploitation of these rights. Examples of IP licenses and assignments are prevalent in everyday products, such as the Coca-Cola bottle, which involves multiple licensing processes throughout its manufacturing and distribution. Additionally, products like branded t-shirts and software also come through licensing arrangements, highlighting the importance of these legal mechanisms in the commercialization of intellectual property.