Soulja Boy was nothing more than an ignorant 16-year-old when he skyrocketed to fame in 2007 — and now, the rapper’s suing his ex-manager claiming the guy took advantage of his naive teenage brain.
Reports TMZ:
Soulja filed the documents in Georgia Superior Court, claiming his manager/lawyer Philip Ransom coerced him into signing multiple contracts when he was just starting out — contracts that were “unconscionable, oppressive, and unjust.”
According to the docs, the contracts included a management agreement that gave Ransom 5% of Soulja’s income … forever … relating to work the rapper completed while Ransom was his manager.
Another contract allegedly gave 50% of all Soulja’s music copyrights to his record label — a deal the rapper now claims is “commercially unreasonable” and “contrary to music industry custom and practice.”
But in reality, Soulja’s just bitching because he didn’t read the fine print — the contracts Soulja signed ARE industry standard … some recording contracts even take 100% of the copyrights.
Ransom denies the allegations — filing new legal docs claiming Soulja’s full of crap … and still owes him money from their time together.
I see said the blind man. And now…
This is EbenGregory.com…telling you attorneys are for BEFORE you sign the contract.
I aint even gonna lie… if someone gave my ass millions to superman a hoe, I would take it and run. Soulja Boy’s the real winner in this… This aint basketball! All he did was coon dance… They were gonna make money off of this one way or another! Word!
wow what a racist comment, so what if he he fills he needs more its not like the guy is lying about what he said. if you offer a 16-17 year old money to rap when he/she has no talent, but only that you will pay him for it and all you have to do is sign a few papers. I bet you that 99.99 percent of the time you will get teens to say yes and make up a dumb dance the half the nations teens will be dumb enough to follow .
Industry rule # 4080………..
It happens. that’s why it is so important to get your business right by handling it appropriately and efficiently. Look at all the singers/rappers/actors that signed deals and blew and got GOT. Unbelievable that it still happens today.