Many music fans in California are familiar with the works of rappers like Kanye West and Jay-Z. Both men are co-founders of Tidal music streaming service, which offers subscribers high definition music videos, live concert streaming and other perks. Contract disputes have caused a divide in West’s relationship with the company, however. In fact, his attorney recently sent a formal letter to Tidal announcing his departure.
According to West, Tidal owes him more than $3 million. His latest album was apparently such a big hit that it made him eligible for substantial bonuses. He said he has yet to receive the compensation to which he’s entitled as per his agreement with the company.
Before West left the company, at least two weeks of negotiations reportedly occurred, but no solutions to the issue were achieved. West has issued a statement saying he plans to file a lawsuit against Tidal. Tidal representatives are supposedly considering a similar claim against West although neither has taken any formal action as of yet.
Contract disputes can really hurt the bottom line if left unresolved, which is why most business people try to obtain agreeable solutions as swiftly as possible. Often, this is more easily accomplished if an experienced business and commercial law attorney is hired to act on behalf of a business client. A California attorney can review a situation and help determine if a breach of a written agreement has occurred, and can then suggest the most viable options for rectifying the situation. If litigation is necessary, a business attorney is fully prepared to aggressively protect a client’s rights and interests in court.
Source: Newsday, “Kanye West leaves Tidal over contract dispute, TMZ reports“, Frank Lovece, July 2, 2017
