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Former Black Eyed Peas business manager in contractual dispute

Contract disputes are notoriously tricky to sort out. Each side may have a radically different interpretations of their obligations as detailed by the contract. Sometimes the point of contention hinges on nothing more than the placement of a comma. Other times, though, the contractual dispute may come between friends and business partners who have known each other for many years.

In that vein, New Jersey readers may be interested to hear about the breach of contract dispute currently facing The Black Eyed Peas, a popular hip-hop group. When they got their start in the mid-1990s, they were a small outfit with little notoriety. Until recently, they have been represented by the same business manager for the duration of their career

In 2009, reports emerged that their business manager, who managed the finances for several other public figures, had failed to file tax returns for at least the five previous years, possibly longer. When this information became known, the band stuck with him, but more details slowly began to come out. It is now believed that he owes hundreds of thousands of dollars to the IRS due to his accounting mistakes for multiple parties.

The business manager's mistakes appear to constitute a breach of contract, especially seeing as how many of his former clients now have tax liens against their property. Although this may represent a unique example, companies and individuals across New Jersey may be in the process of dealing with a similar issue at this time.

Unfortunately, when a friend or business partner covers up a mistake that could be in violation of an existing business contract, it can be very difficult situation to remedy. However, dedicated attention to detail and the right kind of advice can ease tension created by a breach of contract and allow the conflict to be dissolved in an equitable manner.

Source: Los Angeles Times, "Musicians' money manager faces scrutiny," Harriet Ryan, April 14, 2012

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