Dame Dash has reached a settlement with Roc-A-Fella one year after attempting to auction debut 1996 JAY-Z album Reasonable Doubt as an NFT.
The heat is off Dame Dash for now. After previously denying that he was close to reaching a settlement over 1996 JAY-Z album Reasonable Doubt, on Monday (June 13), it was reported that Dash has reached a settlement with Roc-A-Fella Records.
According to TMZ, Dash is prohibited from selling Reasonable Doubt as an NFT (non-fungible token), as Roc-A-Fella owns all rights to the album.
“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,” reads the legal documents.
Per the agreement, Dash can sell his sell his one-third ownership stake in Roc-A-Fella, but cannot “in any way dispose of any property interest in Reasonable Doubt.”
“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 continues.
Less than a year ago, Roc-A-Fella filed a lawsuit against Dash for allegedly attempting to mint and sell Reasonable Doubt as an NFT at an auction that was later canceled.
“The sale of this irreplaceable asset must be stopped before it is too late, and Dash must be held accountable for his theft,” the June 2021 lawsuit read. “The bottom line is simple: Dash can’t sell what he doesn’t own.”
Dash fired back to TMZ, claiming that he wanted to instead sell his share of Roc-A-Fella, but that JAY-Z tried to purchase his share at a price that Dash “deemed unacceptable.”
This past March, JAY-Z’s attorney Alex Spiro said that both Dash and Roc-A-Fella were “in the process of meeting and conferring to determine whether they can reach a settlement agreement that would resolve this case.” Dash later went to Instagram to deny the claims.
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“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.”