In this section, copyright for an album's photos, and album's layout and privacy preferences are set.
Initially, all of the advanced properties, except for the copyright, are marked as "From Settings". This means they are default ones, i.e. set as defined in the "Album" subsection of the "Settings" section of your "My Account" page. Some advanced properties (they are marked with a special sign ) are available with Premium Membership only.
After your album is created and advanced properties set, you will be able to modify its current settings at any time.