Jay-Z & Dame Dash Reach Settlement In ‘Reasonable Doubt’ NFT Lawsuit!!!
No Reasonable Doubt About It!!!
First Name Tom, Last Name Foolery… And I’m Everybody’s Uncle!
Including these former music industry partners... Jay-Z & Dame Dash.
Jay-Z & Roc-A-Fella Records sued the label’s co-founder Dame Dash for trying to sell a ‘Reasonable Doubt’ NFT.
According to court documents, the two agreed no individual shareholder of Roc-A-Fella Records can mint a non-fungible token of the album.
Jay-Z & Roc-A-Fella sued Dame Dash in 2021, accusing him of trying to sell a Reasonable Doubt NFT. The settlement clarified Dame Dash’s rights as a co-founder of the label.
“Unless duly authorized by RAF, Inc., no shareholder or member of RAF, Inc. may alter in any way, sell, assign, pledge, encumber, contract with regard to, or in any way dispose of any property interest in Reasonable Doubt, including its copyright & including through any means such as auctioning a non-fungible token reflecting, referring, or directing to such interest,” the joint stipulation read.
“Provided, however, that nothing in this Judgment shall prevent any shareholder or member of RAF, Inc. from selling, assigning, pledging, encumbering, contracting with regard to, or in any way disposing of their one-third (1/3rd) ownership interest in RAF, Inc.”
Jay-Z & Roc-A-Fella dismissed all of its claims against Dame Dash without prejudice in the settlement. Both sides agreed to cover their own costs, such as attorneys’ fees.
No Doubt…
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By: Justin Ivey
Image(s): Getty
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