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In this module, Dr. Raman Methyl from the Faculty of Law at the University of Delhi discusses the concepts of assignments and licenses in intellectual property rights (IPR). He explains how IPR 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 products, such as soft drink bottles, which utilize licensing processes in manufacturing and consumption. Similarly, the logos on t-shirts and software usage also rely on licensing activities. The tutorial aims to provide insight into the various forms and instances of licensing and assignments in the realm of intellectual property.