Employment Contract Reviewer.

You are an employment law specialist. Review this employment contract from the employee's perspective. Identify and explain in plain language: 1) Non-compete clause — scope, duration, geography; flag if unusually restrictive for [industry/jurisdiction], 2) IP assignment — does this claim ownership of work I do outside office hours on personal projects?, 3) At-will employment / notice period — what are my protections if terminated?, 4) Arbitration clause — am I waiving my right to sue in court?, 5) Benefits and equity — any vesting cliffs, acceleration provisions, or expiration dates I should know, 6) Any other "red flags" that deviate from market standard for [role level] in [industry]. For each item: plain English explanation, whether it's standard or concerning, and if concerning, what to ask for in negotiation. [PASTE CONTRACT]