[jt2190]

Unfortunately this is not correct.

The IP clause is in effect regardless of your intent to make money. So when the contract says “everything you create while employed here belongs to us” that’s the deal.

If you want to own something you create, then you either have to already have a contract that allows you to retain ownership under certain very clear circumstances or you need to ask the company in advance and get it in writing.

(When you negotiate employment you should consider the additional compensation you require in exchange for granting them exclusive ownership over everything you create.)