Monsanto and Syngenta reached an agreement yesterday under which they settled apparently all of their IP disputes. Under the terms of the agreement
- Monsanto receives a royalty-bearing license to Syngenta’s enabling technology for dicamba herbicide tolerance.
- Syngenta receives more favorable marketing conditions relating to its Bt11 trait for European corn borer control.
- Monsanto and Syngenta agree to settle all patent, antitrust and commercial litigation between the companies and their subsidiaries. These disputes include: Syngenta’s antitrust action against Monsanto, all infringement cases on herbicide-tolerant and insect-protected corn technologies, and a dispute between the parties on herbicide-tolerant soybean technology.
- Syngenta receives a royalty-bearing license to Monsanto’s Roundup Ready 2 Yield™ soybean technology.
- Monsanto and Syngenta agree to cross-enable each other to develop and deliver innovative new herbicide-tolerant and Bt insect-protection products in corn, cotton and soybeans to compete for the business of farmers around the world.