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Chemical Week Magazine :: Business & Finance :: United States/Americas
Monsanto reaches deal in Brazil soybean royalties dispute
5:42 AM MST | January 25, 2013 | â€”Rebecca Coons
Monsanto says it has reached a compromise with Brazilian farmers in a legal dispute that has disrupted royalty collections for the companyâ€™s first-generation Roundup Ready (RR1) soybeans. Under the terms of the deal, farmers that agree to waive all potential legal claims for prior RR1 royalty payments will be released from payments for this season and next. Farmers who opt out of the agreement will continue to pay royalties through 2014, when Monsanto says its intellectual property (IP) rights on RR1 in Brazil expire. The offer stems from a lawsuit filed...
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