10.01.02
ognis, Natural Sign Agreement
Global specialty chemicals and nutritional ingredients company, Cognis, Düsseldorf, Germany, has signed an agreement with Natural ASA, Oslo, Norway. The agreement grants Cognis an exclusive license in key markets under Natural’s conjugated linoleic acid (CLA) intellectual property, technology, know-how and the Tonalin® trademark. Under the agreement, Cognis will hold the exclusive license to Natural’s Tonalin® brand CLA, including rights to the worldwide marketing and manufacturing of Natural’s products and technology for dietary supplements, food ingredients, pharmaceuticals and cosmetics. Cognis has agreed to make royalty payments to Natural based on CLA sales for the remainder of the life of the intellectual property and know-how, guaranteeing minimum payments for the first three years.
Global specialty chemicals and nutritional ingredients company, Cognis, Düsseldorf, Germany, has signed an agreement with Natural ASA, Oslo, Norway. The agreement grants Cognis an exclusive license in key markets under Natural’s conjugated linoleic acid (CLA) intellectual property, technology, know-how and the Tonalin® trademark. Under the agreement, Cognis will hold the exclusive license to Natural’s Tonalin® brand CLA, including rights to the worldwide marketing and manufacturing of Natural’s products and technology for dietary supplements, food ingredients, pharmaceuticals and cosmetics. Cognis has agreed to make royalty payments to Natural based on CLA sales for the remainder of the life of the intellectual property and know-how, guaranteeing minimum payments for the first three years.