You will still want to work with the company so there is proof that you both agree you are exempt.
I'm assuming the law is similar to Kansas Statute 44-130[0]
(d) Even though the employee meets the burden of proving the conditions specified in this section, the employee shall disclose, at the time of employment or thereafter, all inventions being developed by the employee, for the purpose of determining employer and employee rights in an invention.
[0]: http://www.kslegislature.org/li_2014/b2013_14/statute/044_00...