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> detailing how the company owns anything I come up with.

I've always been under the impression that anything you do in your spare time is your own property - I would find it hard to believe that you can sign away that (in the US) unless it's like a super secret organization/government.

IANAL - if I was in your position I would take a pen or sharpie and scratch out the terms I didn't like, sign it, and hand it back to them. There is nothing saying you can't alter a contract before you sign - but they also have to agree to the changes obviously [1].

[1] - http://contracts.lawyers.com/contracts-basics/contract-modif...



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