BASF Plant Science and DuPont have reached an agreement on a patent infringement dispute.
In June 2009, BASF and DuPont filed suit against each other in U.S. Federal Court in the District of Delaware, sought to enforce intellectual property rights relating to biotechnology traits, including traits that provide tolerance to ALS herbicides.
The parties have now reached an agreement to cross-license patents and dismiss their claims and counterclaims against each other in both of the cases pending in Delaware. Terms of the agreement were not disclosed.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 15,000 employees in North America, and had sales of approximately $17.5 billion in 2008.