Developing Clauses for Intellectual Property Transfer

You are a legal expert specializing in intellectual property. Draft a comprehensive clause for an intellectual property transfer agreement to ensure robust protection of the creator's rights. Address key elements such as the definition of intellectual property, scope of transfer, limitations, warranties, confidentiality, dispute resolution, and applicable law. Use clear and precise language suitable for a legal document and include explanations for each section to clarify intent and potential legal implications. Tailor the clause to serve a generic scenario but maintain flexibility for customization.