Monsanto has granted a new royalty-bearing Roundup Ready 2 Yield license to Dow AgroSciences, which expands Dow’s trait-stacking and existing licensing rights across its soybean seed brands and licensing partners.
Under the agreement:
· Monsanto grants Dow AgroSciences a nonexclusive, royalty-bearing license in the United States to develop, produce, sell and sublicense seed and germplasm with Roundup Ready 2 Yield technology.
· Dow AgroSciences also receives an option to license the Roundup Ready 2 Yield technology in other countries where Monsanto plans to commercialize this technology, after Monsanto has obtained regulatory approval in such countries, including key soybean-producing countries like Brazil.
· Dow AgroSciences gains the rights to stack Roundup Ready 2 Yield technology with other biotechnology traits.
· Dow AgroSciences also gains the rights to out-license Dow AgroSciences’ germplasm containing Roundup Ready 2 Yield technology, alone or in stacks, to third parties that hold Genuity Roundup Ready 2 Yield licenses from Monsanto.