Illinois farmers and many home gardeners are likely familiar with Monsanto. The company is a lead manufacturer of genetically engineered seeds and glyphosate-based products such as Roundup. Many people who advocate sustainable farming adamantly oppose the products made by Monsanto as well as the political and regulatory power the company seems to have. The agrochemical mogul is also no stranger to contract disputes; however, its representatives may have been surprised when a recent ruling did not go their way in court.
This particular issue pertained to an earlier agreement signed between Monsanto and another major seed-producing company. For some reason, Monsanto unexpectedly canceled the contract and joined forces with a different company. With the help of its new partner, Monsanto then filed a lawsuit against its former alliance for copyright infringement and non-permitted use of its technology.
On a recent Tuesday, a judge told Monsanto it had no right to cancel its initial agreement with the seed company against whom it had filed a lawsuit. In fact, the court stated that all obligations and responsibilities set within the contract remain valid and must be fulfilled. Monsanto was ordered to restore its agreement with the seed company and cut royalty charges.
Contract disputes often have ripple effects on entire communities. Illinois business people facing current contract problems most likely want to resolve their issues as swiftly and amicably as possible. The chances of doing so are often increased when one relies on an experienced business and commercial law attorney for help.
Source: thestreet.com, “Monsanto Contract Dispute with India Seed Producer Ends In a Loss“, Amanda Schiavo, March 28, 2017