Chance The Rapper In Court Over Multimillion-Dollar Handshake Contract Dispute - Above the Law

"At the heart of the dispute are Pat Corcoran's claims that he is owed $3 million by the hip-hop star, born Chancelor Bennett, in unpaid commissions after he was let go from his managerial role in 2020. According to Corcoran (AKA Pat The Manager), the two had a "sunset clause" in place that entitled him to royalties for a period of three years post-termination, although the two former friends famously operated on a handshake deal with no written contract that defined the terms of their working arrangement."

Chance the Rapper is involved in a five-year legal battle with his former manager Pat Corcoran over unpaid commissions. Corcoran claims he is owed $3 million after being terminated from his managerial role in 2020. The dispute centers on a verbal handshake agreement that allegedly included a sunset clause entitling Corcoran to royalties for three years post-termination. However, no written contract existed to define the working arrangement terms. The case highlights the significant risks and complications that arise from informal verbal contracts in artist-manager relationships, particularly regarding commission structures and post-termination obligations.

Read at Above the Law