Prince Reaches Settlement with Perfume Company over Breach of Contract
Posted on Jan 01, 2016
Pop musician Prince and Vivendia SA have settled their breach of contract lawsuit with Revelations Perfume and Cosmetics, according to reports. Revelations had accused Prince and his then label, Universal Music Group, of breaching a contract in which Prince would promote two products. The company filed suit against the superstar and his former label in New York State Supreme Court in November of 2008. The company sought $100,000 in damages.
In the 2008 filing, Revelations accused Prince of failing to fulfill his obligations under their contract. Prince reportedly had agreed to help market two perfumes using his name, likeness, and the name of his 2006 album. After the contract was signed, Prince allegedly refused to do any promotional work or interviews relating to the products. He argued that one day after signing the licensing agreement, he informed the company that he was not willing to give interviews for the product launch party or provide photographs to accompany the press release.
The judge overseeing the breach of contract case ordered Prince to pay nearly $4 million in damages to the company in April of 2012. However, the judge denied the company any punitive damages or damages tied to lost profits. The company then filed an appeal. On March 27, 2013, both parties agreed to withdraw after reaching a settlement. The terms of the settlement have not been revealed.
To learn more about breach of contract and other business litigation matters, contact a New York breach of contract attorney today at (888) 497-3410.