[reallydattrue]

Personally I think this is wrong.

Employers should expect developers to work on company IP within contracted hours and any new code/IP is owned by the company.

In addition. Developers who have their own side-projects own that IP and if they work outside of contracted hours and generate new code on THEIR projects. Well, they own that IP also.

One caveat though. Developers should allow employers to go through their generated code, to ensure that developers aren't stealing company IP.

Oh but if a company wants some code that the developer generated in his own time? Well, negotiations should start. The company should pay for that!