It's sometimes okay to get legal advice from a forum, but in this context, someone needs to review:
1) The employment agreement
2) Understand the degree to which the specific project overlaps with the employer's business
3) Etc.
That takes a conversation you don't want to have online.
But yes, I definitely to seek legal advice from forums, Nolo books, and similar. Self-serve law is not a bad idea in most cases, despite advice to the contrary. Just not in THIS case.