Soulja Boy claims he was taken advantage of as 16-year-old in 2007 by his ex-manager, who he feels exploited him and compelled him to sign unreasonable contracts.
The rapper filed the documents in Georgia Superior Court, claiming his manager / lawyer Philip Ransom coerced him into signing multiple unjust deals. Soulja-boy calls the terms “unconscionable, oppressive, and unjust.”
From the outside things seem to be on the up-and-up for the young rapper, but I guess not.
The contracts included a management deal that gave Ransom 5 percent of Soulja’s income … forever … relating to work completed under his management.
One contract allegedly gave 50 percent of all Soulja’s music copyrights to his record label,a deal the rapper now claims is “commercially unreasonable.”
Soulja-boy feels this is “contrary to music industry custom and practice,” however in reality these are pretty standard. Some managers/labels take more in fact.
Ransom, for his part, denies the allegations, filing new legal documents claiming Soulja’s got no leg to stand on, and still owes him money, as it were.