The first legal controversy I’m going to discuss is one
about Prince. Apparently Prince
hired the law firm Patterson Belknap Webb & Taylor to handle all of his
financial responsibilities for him, but then he turned around and didn’t even
pay them for the services that they had provided to him. He owes his lawyers over $700,000, but
failure to pay that debt resulted in the firm filing a lawsuit against him in
order to obtain that money from him.
In my personal opinion, Prince obviously has more than enough money to
pay the law firm, so I believe he should just pay it. They did a service for him and made his life easier, so he
should respond in-kind and at least pay them what they are owed for their
services.
The next legal controversy is regarding the group
P.O.D. The record label that
P.O.D. is signed to, INO Records, had agreed to pay the group an advance in the
amount of $400,000 prior to their next album. INO failed to pay the group their advance because they felt
as if P.O.D. hadn’t met their obligations to the label. Since this was a direct breach of
contract, P.O.D. is suing INO for at least the $400,000, and they will go from
there. I believe that INO should
pay what they owe P.O.D.
When there is a contract/agreement involved in any matter, both parties
should hold up to their end of the deal.
The article didn’t mention the details of the obligations that the group
failed to live up to, so I’m a little on the fence about the issue, but at the
same time, their contract did include an advance and it wasn’t paid. I’m a firm believer of doing things by
the book and in this case, INO needs to pay up.
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