My employer asked me to sign this "Invention Assignment" doc, should I?
privatepaste.com
privatepaste.com
... during the period of time I am in the employ of the Company (including during my off-duty hours), ...
Is enough for me to recommend "hell no" as the answer. Unless they're compensating you sufficiently for working 24 hours a day, 7 days a week. If you sign this, I hope you're asking for something like a million dollar per year salary (you have to keep opportunity cost in mind as well).
I am relieved to note there's no language in there assigning them intellectual property rights over anything I dream about at night.
Great point. Do vesting options count here, or are you talking real equity?
I have in the past worked for a company that essentially asked for everything I did 24/7 be assigned to them. I negotiated my right to develop on my own time anything that did not compete. It took a few back and forths with the legal counsel, but in the end it was fair to everyone. If they aren't willing to do that much for you, I'd find a better employer.
That said, CA law (and I saw the word California in that document) places some restrictions on invention assignment agreements [1]:
For instance, California Labor Code §2870 provides that an employer may not
include provisions requiring employees to assign an invention created entirely
on the employee's time without using the employer's resources, unless they
relate to the employer's business or anticipated business or result from the
work the employee performs for the employer.
But I'd just tell your prospective employer that you want a carveout for stuff on your time on your equipment. There are so many engineering jobs right now that you should be able to credibly claim you'll find alternate employment.[1] http://www.calstartuplawfirm.com/business-lawyer-blog/IP-own...
Say you carve out prior inventions, existing knowledge, exception to non-competing projects, etc. You think you're safe... BUT you ask your employer to reimburse your high-speed internet connection. All of a sudden, they can argue that you are using company resources (though off-hours) and therefore even if the project does not overlap, it's the company's IP. Same thing with using your (company-paid-for) iPhone to do testing, business negotiation, etc. I may sound paranoid and I don't know where to draw the line. I think everyone ought to be careful about this sort of things.