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In this tutorial by Dr. Raman Methyl from the Faculty of Law at the University of Delhi, the focus is on assignments and licenses of intellectual property (IP). The discussion centers on how IP rights can be transferred from owners to others, allowing for participation in the exploitation of IP works. Examples of licensing and assignments are illustrated through everyday items, such as a Coke bottle, which involves multiple licenses throughout its production and consumption, and T-shirts featuring popular logos obtained via licensing. Additionally, software consumption is also subjected to similar licensing practices. The module aims to enhance understanding of IP rights transactions.