Monsanto and DuPont, which have bitterly battled for dominance in the seed business, have settled their major disputes with a broad patent-licensing deal.

Under the terms of the agreement, announced Tuesday, DuPont will pay Monsanto at least $1.75 billion over 10 years for the rights to technology for genetically engineered soybeans that are resistant to herbicides.

“This signals a new approach to our companies doing business together, allowing two of the leaders in the industry to focus on bringing farmers the best products possible,” Brett D. Begemann, Monsanto’s president and chief commercial officer, said in a joint news release.

Monsanto shares rose $4.39, or more than 4 percent, on Tuesday, closing at $103.79. DuPont shares fell 14 cents, to $48.97.