Drake’s Management Team Sued for Breach of Contract in New York
Posted on Jan 01, 2016
The management team of hip hop musician Drake has been sued in New York for breach of contract. The lawsuit was filed by James Prince, the son of Rap-A-Lot Records CEO J. Prince. James Prince alleges that he entered into an oral contract with Drake’s manager, Cortez Bryant, in 2007 or 2008. He further asserts that under the agreement, he and his father would handle the business side of developing Drake’s entertainment career, and would split the profits among themselves and Bryant. According to Prince, he was later phased out of the deal after Bryant signed Drake to his management company, Aspire Music Group.
In July of 2009, the two parties negotiated a settlement agreement. Under that agreement, Prince was to receive a share of Aspire’s profits. Prince is now bringing a breach of contract action alleging that Bryant and Aspire have not upheld their end of the bargain. He further alleges that a lawyer for Young Money Entertainment did not pay Drake. This lack of payment resulted in a failure “to protect the main asset of the Settlement Agreements.” In his request for damages, Prince claims that he cannot accurately calculate how much money he is owed because the plaintiffs are hiding it.
Prince claims to have discovered Drake as a young artist and later introduced him to musician Lil Wayne. Drake is now a popular and successful musician who is about to renegotiate his contract for significant profits. As a result, Prince feels it is unjust not to receive compensation for his work.
For more information about the Drake's breach of contract lawsuit and other business litigation matters, contact a New York breach of contract attorney today at (888) 497-3410 for a consultation.