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In this module, Dr. Raman Methyl from the Faculty of Law, University of Delhi, discusses the 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 participation in the exploitation of these works. Dr. Methyl emphasizes the presence of licenses and assignments in everyday products, such as Coca-Cola bottles, which are produced through licensing processes. He also highlights that trademarks on t-shirts and software are examples of licensing activities that facilitate consumer access to branded goods.