Dec 8, 2011
Soulja Boy Sues His Ex-Manager Over Unfair Contracts Signed When He Was 16-Years Old
Soulja Boy has filed a lawsuit against his ex-manager claiming he was taken advantage of and duped into signing several bad contracts when he entered the business at 16-years old.
According to TMZ, Soulja filed papers in Georgia Supreme Court, claiming his ex-manager/lawyerPhilip Ransom had him sign contracts that were "unconscionable, oppressive, and unjust." The documents allege Soulja signed a management agreement that gave Ransom 5% of his work related income for as long as Ransom managed him.
A separate contract Soulja signed allegedly gave Interscope Records 50% of all the rapper's copyrights. Soulja now claims that deal is "commercially unreasonable" and "contrary to music industry custom and practice."
Ransom denies the claims and has filed a countersuit against Soulja, alleging the Atlanta rapper still owes him money.
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