Signing the Patent Acknowledgment obligates you to:
1. Promptly disclose all inventions (as defined in the UC Policy), in writing, to the UC Berkeley Office of Technology Licensing
2. Assign ownership of IP rights to UC for inventions developed by you and owned by UC in accordance with UC IP policy.
3. Acknowledge that you are responsible for ensuring that any employment or consulting agreements you enter into with third parties do not conflict with your preexisting and ongoing obligations to the university
See the UCOP website for more information and to read the full text of the UC patent policy.