body: I have been offered 5% of a company through a shareholder agreement form (which I have not signed) but am really worried about a clause which essentially states,
  
  
  
  > 
  > Any IP discovered by me relating to the business while in
  >  the service of the Company must be disclosed and becomes the property
  >  of the company.
  > 
  > 
  > 
  
  
  Typically, I might say that service is the time during which I am being paid but there is no wage associated with the shareholding.
  
  
  I am a contractor and work for other customers, I am concerned that such a clause would mean that I would be obliged to disclose customer secrets as they are in similar sectors. Am I over-stressing or should I argue the clause?
  
  
  
title: What does "While in the service of the company" mean?