[lordmatty]

I agree. I can't say I like standard practise of employers owning everything their employees do whether in or out of work, or requiring that you stop anything they don't own.

However, this is hardly something that is limited to Goldmans or financial services. I'm pretty sure that Apple require you not to work on side projects, for example.

We had a discussion regarding this at my company - Future Workshops - last week, and decided that what people work on in their own time is their own business, with the caveats that a) people don't work in conflict with any clients, b) the IP is clearly separate, and c) it doesn't affect their day job in a negative way.

[gambler]

Let's not call this a "standard" practice. In my experience, most companies do no make claims to your off-the-hours projects. And that is how it should be. Unless you're doing some cutting edge AI research or something of that sort, this kind of legal claim is just paranoid stupidity. Even if you do cutting edge AI research, it shouldn't entitle your employer to own a phpBB patch you've done in your free time.