This system is interesting but has a crucial flaw: I legally can't take part. I have a job now, which claims ownership over any tech-related IP I create. There are processes for getting exceptions, but a) you won't get them for actual job-related things b) I'm not asking Google for an exception so I can interview somewhere else. This is true for nearly anyone with a standard SV job. So if you're willing to restrict y…
Are clauses like that common in the US? Do they hold up in court?
Some people negotiate over such things or have them struck out from whatever HR paperwork. Consultants definitely have such crap taken out from contracts and replace with more straight forward and standard non-disclosure agreements (or charge a lot more - clients will pay if that stuff is important).
In other words, employer/client can put whatever crap they want and you need to always read and understand contracts you sign, as an employee or contractor.