That is at the top of my list. I'm not sure what off duty hours actually means, since I don't have formally defined duty hours.

I am relieved to note there's no language in there assigning them intellectual property rights over anything I dream about at night.

Why is OPs text greyed out?

It is to prevent/reduce the posting of large amounts of text. Big blocks of grey text are hard to read, so it discourages people from posting them.

Apparently it is preferred that if you have that much to say, then you should create a blog post and then submit that.

Text posts are always grayed out here. If you check out the Ask[1] portion of the site, you'll see that all of those are as well. There's no meaning to it, unlike when a comment gets grayed out due to downvotes. It seems like a silly design choice to me, but all of them are that way.

[1] Clickable: http://news.ycombinator.com/ask

Thanks, I'm in New York. I assume that if state law restricts the assignment, I can't legally sign away those rights by signing this document.

I get that it's only supposed to be used if there is a "problem" but I have some concerns about it, not limited to the fact that most of the code we right is GPL'd or touched by GPL. I'm being told this is necessary for a diligence audit (we're a startup working on a funding round.) Could really use some feedback on this document as it's completely outside my knowledge domain.

You would have to show that anything non-work related which you produce existed in at least idea form before you signed this (by attaching it as 'Exhibit A'). Anything you don't declare up front belongs to the company for the duration, including your inspiration as soon as you commit it to tangible form. You could ask for a clause providing you with an opt-out mechanism for side projects you may come up with later, eg open source things you want to do for the public good or whatever. It's boilerplate, but it's very one-sided boilerplate. I wouldn't sign this unless I had equity.

> I wouldn't sign this unless I had equity.

Great point. Do vesting options count here, or are you talking real equity?

Options and vesting are common even with key employees; founders sometimes have a different equity vehicle than options, but founders should always be on a vesting schedule too.

They will own anything you create outside of work. If any of your side projects see any kind of success, they will most likely come after you for ownership.