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Monsanto, DuPont Settle Patent Lawsuits

The legal wrangling between two international seed and chemical companies is over - for now.

DuPont and Monsanto have agreed to settle and dismiss their patent infringement lawsuits pending in U-S District Court in St. Louis.

Terms of the settlement are not being released.

Monsanto had argued DuPont had infringed on some of it's seed chipping patents.

DuPont had claimed Monsanto had infringed on some if it's seed processing patents.

These lawsuits were the latest in a series of legal battles between the two companies.

With this deal, DuPont and Monsanto have no further legal action against each other.

The Presidents of Monsanto and DuPont issued a joint statement saying the agreement enables the two companies to now concentrate their attention on developing new solutions for farmers.

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