The Canal Street Blog

Business-focused legal discussion

News Roundup: Noncompete Clauses; IKEA Bootcamp; Crowdfunded Litigation

IKEA Hosts Startup Bootcamp

Ikea desk; noncompete clauseIKEA has partnered with Rainmaking, a global co-op for entrepreneurs, to create IKEA Bootcamp. The program is currently accepting applications for startups who want to work with IKEA Range & Supply for three months in Sweden. Ten startups will receive a 20,000 EUR grant, free housing, space in IKEA’s co-working building, and access to IKEA test labs, prototype shops, and mentors.

Using Crowdfunding for Litigation

CrowdJustice is a U.K. startup that uses crowdfunding to raise money for public interest litigation cases. Crowdjustice’s goal is to “revolutionize how legal cases are organized and funded, level the playing field, and democratize access to justice.” Techcrunch reports that the company has raised $2 million in seed funding for U.S. expansion of the company.

Patent Trolls and The Supreme Court

A few weeks ago, we shared an article about “patent trolls”, a type of entity that takes advantage of patent law to make money by seeking to force settlements over patent disputes. The Harvard Business Review has been following the matter and discusses two Supreme Court decisions that may help end patent trolls. The first requires defendants of patent cases be either incorporated in the same state as any patent lawsuit venue or have a regular place of business there, which makes it harder to shop for the venue most favorable to plaintiff patent trolls. The second restricts patent rights to primary markets, which keeps patent trolls from controlling how customers use patented products after the initial purchase. The court explained that “[e]xtending [] patent rights beyond the first sale would clog the channels of commerce.”

How to Manage Startup Growth

Ajay Agarwal, a Forbes Valley Voices contributor, offers advice on how to build a startup. He talks about building an effective leadership team, defining and maintaining the company culture, and scaling organization structures to match company growth.

A Look at the Costs of Non-competes

While it makes sense that employers would want to use non-competes to protect their business from employees who might move directly to a competitor (taking their knowledge and training with them), employers with non-competes might also lose out on the chance to hire quality talent put off by the terms. The New York Times shares their analysis of increased non-compete agreement use as well as how several workers have personally been impacted by non-compete agreements.

Photo: Unsplash | Jeff Sheldon