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In this module, Dr. Raman Methyl from the Faculty of Law at the University of Delhi discusses assignments and licenses of intellectual property (IP). He explains how IP rights can be transferred from the owner to others, allowing participation in the exploitation of IP works. Dr. Methyl highlights the prevalence of licensing and assignments in everyday products, such as the Coca-Cola bottle, which involves various licenses during manufacturing and consumption. He also mentions that apparel featuring famous logos and software are examples of products resulting from licensing activities. The module aims to enhance understanding of how IP rights function in practical scenarios.