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In this module, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses the assignments and licenses related to intellectual property rights (IPR). He explains how IP owners can transfer their rights to others and invite participation in the exploitation of their works. Examples of licensing and assignments are prevalent in everyday items, such as the Coke bottle, which undergoes various licensing processes during manufacturing, bottling, and consumption. Additionally, branded t-shirts and software are highlighted as products that result from licensing activities, emphasizing the importance of understanding these concepts in the context of intellectual property.