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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 by the owner to others and how these rights allow for collaboration in the exploitation of IP works. Dr. Methyl highlights that licenses and assignments are present in everyday products, using examples such as the Coca-Cola bottle, which involves multiple licensing processes in its manufacturing and consumption. Similarly, he notes that t-shirts with popular logos and software also rely on licensing activities for distribution and use.