Isagro and Rotam enter into license, development, distribution and supply agreement
Date:12-17-2014
Isagro S.p.A. and Rotam Agrochemical Company have entered into a longterm license, development, distribution and supply agreement granting to Rotam, upon an upfront payment:
• The right and license to evaluate the possible exploitation of certain combination products (each made of one Isagro active ingredient and one Rotam active ingredient) in China, Taiwan and Indonesia;
• The right to test for one year another Isagro product, in order to evaluate its possible exploitation in China.
Furthermore, Isagro has granted to Rotam a long-term distribution right for some Isagro products in the above mentioned countries, on an exclusive or non-exclusive basis, depending on the product.
Rotam will exclusively purchase all of its requirements of Isagro products and active ingredients directly from Isagro.
Further terms of the agreement will not be disclosed.