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I agree that what you quote is too vague.
Here is a relevant snippet from one I signed for a contract:
This is from an agency (Employer) that got me some work at a Client of theirs:
"
Employee agrees that any inventions (whether patentable or not), discoveries, creations (including programs, whether denominated software, firmware or otherwise), and improvements thereof, that Employee may develop or create or assist in developing or creating during employment, that are along the lines of the business, work or investigations of Employer, or that result from or are suggested by any work that Employee may do for or on behalf of Employer, shall be the sole and exclusive property of the Client.
"
(I added the underlining.)
I thought I had others around, but I'm not finding them right now.
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Well, what I quoted was verbatim from the contract!
At any rate
1. they are going to modify it for all developers! 
2. QLD government has a nice and fair explanation of the meaning of the law!
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This is always a tricky one. We all want to retain our personal IP, but on the other hand the company does not want you having a great idea while doing their work and then going home and developing that for ourselves. This is a pretty standard clause in my part of the world, by the way
One company I worked for changed ownership and the new owners wanted this clause almost exactly as in yours. I started to discuss with them and found they were closed on the matter. Then I found that a number of others also were unhappy about it, so as a group we expressed our views. We had the wording changed that all personal IP prior to that date was ours, along with all IP for applications not related to the companies products.
But it gets tricky if your product is along the same lines as theirs. In that instance, who is to say if a good idea you have is for your product or as a result of work?
Do you know any others at this company? Do they also have this clause? Is the company actually open to you doing your own products?
Usually, I have found that being up front and open with employers, there will be a way to come to a compromise as long as they are reasonable. If they are not, then maybe you need to ask if you really want to work there.
Good luck.
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You absolutely must modify this before employment or you will run into problems later down the line if you want to sell your own software. As you can see there is a clause that states the company has no rights to anything you developed before employment. At the minimum, you should write out a description of what you are working on and have developed on your own time and include that in the contract. Make an addendum that clearly states that you aren't giving up rights to what you have already started, and what you plan on continuing to work on in your own time. It is important to get that approved up front.
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Super Lloyd wrote: I specified that I wanted to keep ownership of software created on my own time
Super Lloyd wrote: Any work or material created, discovered or improved by you during the course of your employment
They'll own it.
In fact, they'll own everything that you create, whether its related to their business or not. Every comment you make on CP, they own. Every grocery list you write, they own. Every picture you take of your grandkids, they own.
We can program with only 1's, but if all you've got are zeros, you've got nothing.
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I just had a dream where I could turn into an hawk and of a town overrun by hungry demons!...
Was it a potent prophetic sign?
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Yes. And I'm still waiting to have the dream where the hawk realizes that the hungry demons own everything that comes out of it.. whether they want it or not. 
We can program with only 1's, but if all you've got are zeros, you've got nothing.
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Revealed![^]
Dated. Where's my coat? (Never mind watching it again).
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Avijnata wrote: Dated. Where's my coat? (Never mind watching it again).
I have seen this before but it is worth seeing from time to time just as a reminder. 
My upvote. 
Once you lose your pride the rest is easy.
In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. – Buddha
Simply Elegant Designs JimmyRopes Designs
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Thanks.
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Shouldn't those hackers in the background be wearing white hats?
My plan is to live forever ... so far so good
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Yes. No need to be hooded like that.
Perhaps, they want to remain anonymous, and keep all the focus on Dave.
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A shy gentleman was preparing to board a plane when he heard that the Pope was on the same flight.
"This is exciting," thought the gentleman. I've always been a big fan of the Pope. Perhaps I'll be able to see him in person.
Imagine his surprise when the Pope sat down in the seat next to him for the flight.
Still, the gentleman was too shy to speak to the Pontiff. Shortly after take-off, the Pope began a crossword puzzle.
This is fantastic, thought the gentleman. I'm really good at crosswords.
Perhaps, if the Pope gets stuck, he'll ask me for assistance.
Almost immediately, the Pope turned to the gentleman and said,
"Excuse me, but do you know a four letter word referring to a woman that ends in 'U-N-T'?"
Only one word leapt to mind.. My goodness, thought the gentleman, I can't tell the Pope that.There must be another.
The gentleman thought for quite a while, then it hit him. Turning to the pope, the gentleman said, "I think you're looking for the word 'AUNT'."
"Of course," said the Pope. "Do you have an eraser?"
I'll get my coat. 
Once you lose your pride the rest is easy.
In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. – Buddha
Simply Elegant Designs JimmyRopes Designs
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Quote: I'll get my coat.
This is the Lounge! You better get your coat. 
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My first thought was Aunt. 
Of which word did you think?
Once you lose your pride the rest is easy.
In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. – Buddha
Simply Elegant Designs JimmyRopes Designs
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JimmyRopes wrote: Of which word did you think?
The one which the Pope wrote. 
Your time will come, if you let it be right.
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Quote: My first thought was Aunt
Yeah - right!
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Vivic wrote: I guess this itself is a re-post of the message just above it!
Once you lose your pride the rest is easy.
In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. – Buddha
Simply Elegant Designs JimmyRopes Designs
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Just read this[^]
I've come close a few times, but it's never happened to me!
Just shows how being nice to everyone* is the safest course!
* with the obvious exception of Employment Agents
PooperPig - Coming Soon
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"Another of Fortran's breakthroughs was the GOTO statement, which was a uniquely simple and understandable means of structuring and modularizing programs." 
From the May/June'94 IEEE Institute, an article about John Backus receiving the Draper Prize for having developed Fortran.
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I'm guessing they were referring to the computed GOTO - which allowed a sort-of implementation of the switch/case type statement
Used to use that a lot back in the day for menu handling!
PooperPig - Coming Soon
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Yup. Has to be.
I wanna be a eunuchs developer! Pass me a bread knife!
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