I have written a proposal at work to write a large scale application that we 
really need.  It has been shot down.  Now I want to write the application on my 
own.

Where I need advice or an answer is who owns the IP on this project?  If I 
spend the time creating this on my own time, will I own the IP or will my 
employer?  

The only "proprietary" information I would use for the project is the format of 
the file from which to import data.  Everything else is available on the WWW.

Russel

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