Employee Invention Assignment And Confidentiality Agreement (EIACA)
EIACA
An EIACA contract is a contractual agreement is a contractual agreement between the employer and the employee in which the employee’s work ownership is transferred to the employer during the contractual period on the agreed terms and conditions.
This type of agreement is usually encountered in industries such as development, creation, design, engineering, and many others, as it acts as a safeguard for the intellectual property rights associated with the employees’ ideas, innovations, and work. So, it’s a contract that helps the employer know he delivers original content from the teams, streamlining the patenting process.