The “Reasonable Doubt” fiasco between Jay-Z and Dame Dash has finally come to an end … for now.
Just one year after Roc-A-Fella filed a lawsuit against Dash for his attempt to auction Jay-Z’s critically acclaimed, “Reasonable Doubt” album as a non-fungible token (NFT), the Hip-Hop mogul has reached a settlement with the label.
According to TMZ, Dash is now completely banned from selling the 1996 debut album as an NFT because Roc-A-Fella owns all of the rights to the project.
“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 and including through any means such as auctioning a non-fungible token reflecting, referring, or directing to such interest,” said legal documents from the case.
As previously reported by AfroTech, Dash disputed claims of the settlement in the past. However, it is now said to be a done deal.
Per the agreement, Dash is allowed to sell his one-third ownership stake in Roc-A-Fella, but he is not allowed to “in any way dispose of any property interest in ‘Reasonable Doubt.'”
This news comes roughly one year following the lawsuit that was filed against Dash after he attempted to mint and sell the album as an NFT. The suit alleges that the former business partner of Jay-Z had intentions of selling the NFT at an auction that was ultimately canceled.
Just days after the initial lawsuit was filed, Dash claimed that the suit was inaccurate and that he was only attempting to sell his share of Roc-A-Fella, not the “Reasonable Doubt” album that the legal paperwork alluded to.
Furthermore, he says that Jay-Z reportedly attempted to buy his share in Roc-A-Fella for “a price I deemed unacceptable,” and took to social media to express his grievances against the lawsuit that was at hand.
“Please don’t believe this hype we are no where near a settlement,” he wrote. “They accused me of doing something i did not do and now they have to prove it…and i can sell my share anytime I want #askthejudge and #jayz and @biggsburke if you wanna settle this holla at me…we use to hustle together…court is corny…let’s talk like men for the culture…I dare y’all to respond #doitfortheculture.”
If he was attempting to only sell his ownership stake in Roc-A-Fella, he is still allowed to do so, per the latest agreement.
“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.,” the agreement reads.
Now, it looks like the ball is in Dame Dash’s court on whether he chooses to sell his share or hold on to a piece of the legendary Hip-Hop label that he helped to co-create alongside Jay-Z.