Trouble is brewing over in Soulja’s neck of the woods. I’m guessing upon reviewing his contracts, he’s unhappy with the deals he made back when he was merely 16 years old, skyrocketing to success with “Crank That Soulja Boy” and is now suing his ex-manager for taking advantage of him. Hope this doesn’t get messy! Read the details below.
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.
