Does our company own products and software applications developed by the employees?

It is always best to have a written contract or policy with employees specifying that the company owns the intellectual property that they develop, including inventions for which you are seeking patent protection and software applications that might be subject to copyright. Without a contract, ownership of IP might involve factually specific questions such as why the employee was hired, whether the product or app was developed in the course of their employment, and whether the employee used company resources in the development.