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Katherine Jackson's Secret Contract

11/12/2010 9:00 AM PST BY TMZ STAFF

Katherine Jackson has been bitterly complaining the Michael Jackson Estate is not giving her enough money, and now we know what she's done to supplement her income in a big way.

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TMZ has obtained a contract Katherine signed with Vintage Pop Media (VPM), the company that owns tens of thousands of photos, videos and other MJ items.  Under the deal -- which is not sanctioned by the MJ Estate -- Katherine agreed to participate in the production of "The Katherine Jackson Story," some sort of MJ documentary set to music.  Katherine also agreed to pen the book that was just released, "Never Can Say Goodbye."

In return for her work, VPM -- owned by her controversial business partner Howard Mann -- agreed to pay Katherine 25% of the net profits with a minimum monthly guarantee of $10,000-a-month.  But here's what's really interesting ... there's no end date for the $10-grand-a-month, so if you read the contract literally, VPM agrees to pay Katherine at least $10k-a-month for the rest of her life.

And get this.  The contract also says Katherine has the legal right to "forever bind" Michael's kids, Prince, Paris and Blanket.  According to sources familiar with the MJ Estate, Katherine does not have the power to contractually bind Michael's kids.

Katherine is already raking in $26,000-a-month from the MJ Estate, but she's complaining she wants more.  Looks like she found it.

Howard Mann tells TMZ, "This is one of several agreements with Mrs. Jackson. This was a starting point in our relationship."


288 COMMENTS

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166.

Barb.A.    

Here is a good site for Elvis. Some of the links don't work though but still good reading.

http://www.mswritersandmusicians.com/musicians/elvis-presley.html

And you might want to read this one too.

http://www.nytimes.com/2002/08/16/arts/music/16KING.html?todaysheadlines=&pagewanted=print&position=bottom

1250 days ago
167.

my opinion    

GOOD for Mrs.Jackson she has a lot of responsibility with all those grandchildren and her children she supports she deserves it.


RIP MJ

Love the Jackson's

PEACE LOVE KINDNESS & RESPECT makes a better world for us ALL

1250 days ago
168.

Daphne     

The writers would often agree as an Elvis recording of their song (even with split royalties) would get them far more money than if some other singer recorded it

http://wiki.answers.com/Q/Did_Elvis_Presley_Write_His_Own_songs

Posted at 6:21 AM on Nov 13, 2010 by Barb.A.

Oh, how interesting. Anything for $$$. C'est la vie. LOL.

1250 days ago
169.

Daphne     

http://www.mswritersandmusicians.com/musicians/elvis-presley.html
And you might want to read this one too.
http://www.nytimes.com/2002/08/16/arts/music/16KING.html?todaysheadlines=&pagewanted=print&position=bottom

Posted at 6:38 AM on Nov 13, 2010 by Barb.A.

Thanks for posting the articles. Very interesting. Yes, Elvis was a success story. $$$ still rolling in for the estate. Good for his family. The same is going to happen to MJ estate, probably more in terms of $$$. Happy for MJ3, just wish KJ would be careful with any future deals.

1250 days ago
170.

Barb.A.    

Daphne, your welcome.

1249 days ago
171.

Angie    

WHO CARES! STOP POSTING STUFF ABOUT MICHAEL JACKSON AND HIS FAMILY!

1249 days ago
172.

Angie    

WHO CARES! STOP POSTING STUFF ABOUT MICHAEL JACKSON AND HIS FAMILY!

1249 days ago
173.

Susan    

People need to understand what they are talking about before they comment. The will is still in probate. This woman gets $26K a month, and doesn't even have to pay for the house, that's handled by the estate because MJ had to take it over when they almost lost it in bankruptcy. She doesn't even have to lay out for MJ's kids. They get their own monthly allowance. She was given that $26K on need that her only income was social security. Now she is making all this income. She's lucky the judge doesn't stop her monthly payments, but she had the nerve to go in and ask for more back in Sept, when she had all this income starting to come in. Now she is exploiting the kids by sticking them on Oprah. Any normal grandmother would not exploit the children of their dead son on tv.

No matter how much money any Jackson has or gets (with the exception of Janet), they run it into the ground and end up in financial ruin, MJ included. The are the epitomy of greed and irresponsibility.

1249 days ago
174.

get it right    

Howard Mann tells TMZ, "This is one of several agreements with Mrs. Jackson. This was a starting point in our relationship."


Howard Mann tells: Dude, this contract was just the beginning of our partnership in how saint g'ma and me are gonna use and exploit MJ using PPB and any other thing we damn well feel like coming up with, on the way to the bank.


Yeah that O show pretty much blew the lid off the KJ SECRET f*ckwit.

1249 days ago
175.

natasha    

Katherine is a sweet woman, bless the Jacksons

1249 days ago
176.

sofi    

What is really sad is that katherine,joe and the rest of the clan were living off Michael's pocket,no wonder the POOR MAN couldn't have a wife by his side,he had his mother's nagging for money.Her husband and children weren't working so who was making money?MICHAEL OF COURSE.No wonder Michael paid for the house she is living in when she was going to lose it due to foreclosure BUT she made him a liar at the bashir do***entary,she didn't stop joe from beating the hell out of Michael,who was the youngest and most defenceless of the brothers.Did she say she read the Bible? Oh really? Where in the Bible does it say beat the hell out of your children and justify your action by saying you're disciplining it.What a sweet mother!! When we saw pictures of her house there was no recent picture of Michael.She said she couldn't see him lifeless,she left as the coffin entered the Mausoleum,yet his monthly allowance is sweet but she wants more,she drags Michael's children in her lawsuit against AEG,decides whether the Cascio tracks are fakes,now she states she HAS THE AUTHORITY to legally bind Michael's children? Really? Has she forgotten the guardian ad litem?

If i was in her place,grief would have killed me because nothing would compensate his loss.

1249 days ago
177.

Zara    

People give her a break I mean she is not only taking care of Michael's children at 80 years old but she has living at her house randy's children(Genevieve,Randy Jr) and Jermaine's,Jaffar, Jermagesty, Donte plus Alejandra(Randy's and Jermaine's ex),children and she is paying all of their expenses,how the hell can you guys can say she is bad...

1249 days ago
178.

get it right    

HEY... HELLO??

Anybody on here actually READ THIS CONTRACT???

TWO of the SAME contract - ONE signed 2009, and another just like it signed 2010 - that a renewal or what? She was already messing around with this dude and cooking up their bs together like 5 months before MJ even passed on.. WTH?

Lost count of how many times the word EXPLOIT was in there... nasty.

1249 days ago
179.

mjuls    

In reply to: FlowerPower, et al.


--------------------------------------------


My apologies for not posting this reply sooner. I finally had the opportunity to review the contract between Vintage Pop Media Music, LLC (Howard Mann) and Katherine Jackson. Herein are my impressions and interpretations of the “Performance Agreement” signed and dated by each party on February 3, 2010.


Let me tell you upfront there are a multitude of problems with this contract. Some areas are in point of fact contradictory. We could literally go line-for-line highlighting issues. For those of you not wanting to weigh into a long post, the bottom line is the estate will challenge Howard Mann and Henry Vaccaro over their claim to rights of the memorabilia in their possession (my guess is in the new year) and the estate will win as the law does not support the Mann/Vaccaro assertions. The courts will then rule by entering into the aforementioned contract Howard Mann and Katherine Jackson contravened the estate’s position. This obviously hurried agreement is about greed and a way for the parties involved to make a quick buck before the estate comes and shuts them down.


Understand this contract was not drafted by an attorney. The choice of language and wording and construction are a dead giveaway. (That fact does not make the agreement between the parties any less valid, for now, however it is telling.) In Section WAIVERS, Part 36, Katherine Jackson attests “I have sought the advice of council in this matter or herein waive my rights thereto.” If the latter portion of her declaration is true and Katherine Jackson chose to “waive my rights [to council] thereto” she is gravely misguided. If Katherine Jackson “sought the advice of council” it certainly was not legal council. I PROMISE you there is NO WAY that Adam Streisand (Katherine Jackson’s council of record) would have allowed her to enter into such an agreement. Mr. Streisand is a highly competent attorney and Katherine Jackson would be wise to avail herself of his council. Frankly, due to her actions I will not be the least bit surprised if Mr. Streisand files to remove himself as Katherine Jackson’s council of record come the new year.


One chief reason the courts will nullify this agreement when the estate takes legal action against Vintage Pop Media Music, LLC and Howard Mann (and they absolutely will - bet on it) is because Katherine Jackson entered into said agreement asserting authority she does not legally have. Under Section GRANT OF RIGHTS, Parts 9 and 10, Katherine Jackson grants Vintage Pop Media Music, LLC the exclusive right to “(9) use, commercialize and exploit for the purposes of profiting, the name, likeness, images, materials, and any intangible assets not governed herein in conjunction and in combination with the programming and related assets contemplated herein. (10) KJ hereby waives any inherent rights to privacy and grants VPM the exclusive right to produce, promote, market, sell, trade and generally commercialize the content it records, without limitation thereto, providing payments are made as laid out herein.” This is a problem and the courts will jump on it. Whomever drafted this agreement attempted to be clever in their wording but they missed their mark in a BIG way. (If you have more questions about this aspect of the contract just ask and I will expound further.) In sum, Katherine Jackson does NOT legally have the authority to commercialize and exploit Michael Jackson’s name or likeness, et cetera for profit.


EQUITY TERMS / ADVANCES / MEDIA and PROMOTIONAL ENGAGEMENTS


Vintage Pop Media Music, LLC, agrees to pay Katherine Jackson 25% of the net profits derived from the “exploitation efforts” (their words) of VPM and guarantees Katherine Jackson a minimum payment of $10,000.00 each month. In addition to her monthly share of the profits Katherine Jackson will be compensated at the rate of $5,000.00 per day for making any media or promotional appearances to promote the VPM endeavor (plus travel, security and other expenses at their [VPM’s] discretion.) For example in June 2010 Katherine Jackson returned to Gary, IN to commemorate the one year anniversary of Mr. Jackson’s death. For this appearance she was paid $5,000.00 for each day she was there, plus travel expenses and 25% of the profits generated by the Gary, IN event or $10,000.00 whichever amount was greater; For her Oprah interview about her book, Katherine Jackson was paid an additional $5,000.00 by VPM. You get the idea.


In the agreement Katherine Jackson and Mr. Jackson’s minor children are collectively referred to as “The KJ Party.” Not only does Katherine Jackson agree that she will make herself available to promote the VPM projects, she commits the children as well. Under SPECIFIC TERMS, Parts 13 and 14, Katherine agrees “The KJ Party will appear in person to promote the program as required” and upon the mutual consent of VPM and Katherine Jackson, “The KJ Party will conduct further interviews, promotional materials and marketing related efforts, including but not limited to television appearances, radio interviews, magazine interviews and any news media association or affiliation as required.” I know many of you will read this and be understandably appalled at the idea of the children in the media spotlight given Mr. Jackson’s longstanding distain for the media and his well-do***ented desire that his children be afforded their privacy. It is a valid concern. However, what is more disturbing is NOWHERE in this contract are the children financially compensated for their time, efforts, or participation in the VPM project(s). Katherine Jackson is compensated and receives 25% of the profits, but the children, either collectively or individually, do not receive a dime.


Regardless of any personal feelings you may have on the subject of Mr. Jackson’s children (I know from reading your posts opinions are wide and varied) this contract irrefutably shows Katherine Jackson is not above using Mr. Jackson’s children for the purposes of promoting and generating profits for “her” business ventures.


MISCELLANY

The PDF posted by TMZ contains two copies of the “Performance Agreement” one witnessed, the other not. One of you noted in your post the contract is dated February 2009. You are correct, and the copyright on the bottom of each page also says 2009. I believe this is in fact a typo and NOT a “renewal” of an agreement originally drawn 2009. I really cannot emphasize enough how poorly this do***ent is put together. For all the problems in this do***ent THIS is actually the least of them. What I did notice was the seal. Magnify your version of the PDF and look closely at the sworn affirmation on the last page (page 12 of the TMZ PDF.) The contract unquestionably states it was executed under seal on the 3rd day of February. Now look at the seal which is clearly dated 25th day of February.


I will check back tomorrow if there are any follow up questions.

Be well all,

Mjuls, Esq.

**DISCLAIMER: The information expressed is not intended to substitute for professional legal advice and does not create an attorney-client relationship. You should accept legal advice only from a licensed legal professional with whom you have an attorney-client relationship.

As a matter of record I state I am in no way affiliated with the Estate of Michael Jackson.

1248 days ago
180.

sofi    

Mjuls again welcome back!! Missed you alot and allow me to ask the following:
A) WHERE did the 500 million dollar saga come from? Who did Michael owe that HUGE AMOUNT of money to?

B) If the judge at the preliminary hearing in January decides that killer murray should stand trial his decision will be based on the events leading to poor Michael's murder,Michael's medical records and both autopsy reports or is the La Coroner's autopsy report more official and accurate?

1248 days ago
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