Soulja Boy Says Ex-Manager Exploited His Stupidity

According to 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 guess Soulja Boy has not heard the saying “read the fine print”. He can’t blame no one but himself for exploiting his stupidity him and Arab had youtube videos of them peeing off the balcony at his hotel. Not to mention him getting arrested and the many other things he have done. BUT who signs contracts with out reading them.

About Jade

I'm a senior at North Carolina A&T State University. I am also a marketing representative for BET and Street Team representative for So So Def recording artist Dondria.

Posted on December 7, 2011, in Music News and tagged . Bookmark the permalink. Leave a comment.

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