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The world's largest seed company Monsanto Corporation will be waiving two years of its royalty fees for its Roundup Ready soybean seeds collection if Brazilian farmers stop the process of a patent dispute lawsuit, according to Bloomberg.

Officials in Sao Paulo, Brazil, are considering setting up a series of specialized courts that would deal with corporate law and commercial disputes.

For SBA, the acquisition represents its first expansion of operations into Brazil.

Due to its rapidly growing economy, Brazil has become increasingly attractive for many U.S. businesses, but companies considering such deals must observe all of the country's laws.

This new development will help both secure the needs of farmers and those of the government and environmental protection agencies.