There are no specific legal requirements as to what information or provisions must be included in a Disclaimer Agreement however, a business should enlist the help of an intellectual property attorney in order to ensure that due diligence requirements are being met and the operation can run smoothly and legally. In the United States, Intellectual Property is governed under the Copyright Act of 1976. After the transfer, the artist does not receive any money for the business’s use of his/her work. If a business is acquiring the rights to someone else’s creation, this document provides investors in the company with comfort that the rights to the intellectual property required to run the business have been transferred to the company completely and legally. The agreement should include as much detail about the work as possible so that if a dispute should arise, the rights and the specific work are clear. The intellectual property release agreement lays out this release. The person that acquires these rights is not just licensing the intellectual property, as he/she can do anything he/she wants with the intellectual property. This is not the same as a licensing agreement. If the creator is comfortable giving away his/her rights to the art, and it being used in any way for any purpose, someone may acquire all rights, titles, and interest in and to the intellectual property. An intellectual property disclaimer template, also called an intellectual property release agreement, is a document that releases the intellectual property rights in an art piece, design, literary work, film, piece of music, symbol, or image to someone other than the person that created it.