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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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106.

passin thru    

how much money does one NEED i wonder?
greedy ba s t a r d s

1390 days ago
107.

LJ    

Careful - This is TMZ people - probably about 98% truth in this article. You all could be being manipulated here so keep your eyes open before you start slamming everybody with your anger. In fact better yet - get out and live your life. TMZ really - you trust this rag piece of journalism.

1390 days ago
108.

Cherubim    

Pray for Michael Jackson's children:
Prince, Paris, and Blanket.

1390 days ago
109.

Nessie    

Why does the date on this legal do***ent say February 31 2010?

Posted at 8:15 AM on Nov 12, 2010 by Steve-o


It doesn't - it says February 3rd...

1390 days ago
110.

Jessica    

"She should be suing the estate for her share"

I have a feeling we'll be seeing this sooner than later.

1390 days ago
111.

REYNALDO    

THAT'S ALL THE JACKSONS WANT. IS MICHAEL MONEY. THE MORE THEY GET. THE MORE THEY WANT. WHAT A SHAME......

1390 days ago
112.

Raejean    

I think it's time for the MJ Estate to shut down this circus, with prejudice. I no longer care whether Katherine Jackson is doing it for Joe or not. The fact is, she's doing it, and this isn't the first time she's made some kind of end run to participate in some kind of outside moneymaking proposition.

The fact that this deal purports to bind the children is the last straw. Legally, that's not possible, anyway, but if she would put her hand to such a "contract," she has lost my last shred of respect.

Again, the Estate needs to STOP THIS!!!

1390 days ago
113.

Diane    

Pig at the trough, she is!

1390 days ago
114.

mj fan forever    

According to sources connected familiar with the MJ Estate, Katherine does not have the power to contractually bind Michael's kids."


She has NO power but meanwhile she exploits them and does ILLEGAL agreements!!!!! Just what Michael did NOT want for his loved children!!!! SHAME!!!!!

Posted at 9:18 AM on Nov 12, 2010 by mj fan forever

That is exactly the reason the court appointed a separate lawyer to represent the MJ3 - so that their best interests would be protected.

I'm surprised the Estate hasn't made itself heard about all the outside deals KJ is making!

BTW Did you know that KJ is in debt for 8 million? It's a matter of public record. Any money she earns must go to pay off that debt. Court Judgement.


Posted at 10:30 AM on Nov 12, 2010 by Nessie


I knew about her debts result of her business toghether with Joe
but this in ANY case does NOT authorize her to exploit Michael's children. Michael left her his children because she raises them IF she wants and can, giving her a share of his estate until her death! Nothing else! And SURELY Michael did NOT want his children were exploited, He has always protected them leaving them OUT from any his problem!! Katherine should be ashamed!!

1390 days ago
116.

CloBird    

Katherine does not have the right to sign over Prince,Paris or Blanket--this part of the contract is void.The rest of the contract should be null and void as well.Mann is not a trustworthy character and a poor choice for a business partner.I don't consider this a good choice on Katherine's part;she should be working hand-in-hand with Branca,McClain and associates for any deals that she wishes to enter into for safety's sake.

1390 days ago
117.

mysteria333    

WHAT ARE THOSE OIF YOU WHO HAD NOOOOOO FAITH GOING TO SAy and do when michael returns ???? HOPEFULLY YOU WILL LEARN TO HAVE FAITH !!!!

1390 days ago
118.

Escapee1    

There's a special place in Hell for folks like this that profit off of the dead...even if it was Michael Jackson, he deserves better than this, especially from his Mother...may God have mercy on your soul...that is, if you still have one...

1390 days ago
119.

mjuls    

In reply to: Barb A., FlowerPower, aston, et al.


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


I have not yet had the opportunity to review the contract between Vintage Pop and Katherine Jackson in its entirety and therefore cannot comment competently on all of the parameters involved. Herein, my comments are based on the information provided in the story as published by TMZ.

The “source” from the estate is correct. I can tell you with ABSOLUTE certainty (under the laws of the United States) NO ONE has the authority to “forever bind” a minor child to anything, even parents. If Mr. Jackson were still alive, he would not have the authority “forever bind” his children contractually to any venture.


Another quick note as a number of you have inquired in your posts about the personal allowance Katherine Jackson receives each month from the estate during the probate process. Here are some facts to bear in mind:


• The allowance amount of $26,804.00 per month was set by the probate court and NOT the estate. When the probate process began the court asked Mrs. Jackson how much of an allowance she needed each month. (Understand you cannot just throw out a figure, you must be able to show the court proof of your expenses, i.e. spending habits, mortgage payments, credit card bills, car payments, etc.)

At the time Katherine Jackson requested a monthly allowance in the amount of $33,500.00 per month. The court reviewed all of Katherine Jackson’s monthly expenses and financial records. In their examination the court found a number of “redundant” monthly expenses. Due to these redundancies the court, rightfully, adjusted the amount of her monthly allowance to $26,804.00 which covers HER actual expenses. (If, for example, Katherine Jackson was making four separate car payments each month for vehicles owned by other family members, that is a redundancy. The court is obligated by the guidelines set forth by Mr. Jackson in his will. Those guidelines are clear; Mr. Jackson wanted his assets, in part, to cover his mother’s expenses, NOT the expenses of extended family members whom funnel their financial obligations through Katherine Jackson.)

• Katherine Jackson receives an additional $60.........,000.00 each month in support payments for raising Mr. Jackson’s three children.

Court do***ents also verify:

• The estate has paid off the mortgage in full for the Hayvenhurst home. No Jackson family member is being charged rent to continue living there.

• The estate, NOT Katherine Jackson, DIRECTLY pays ALL fees and expenses associated for the daily operation of the Hayvenhurst home including: Staff salaries, all security costs and personnel (including bodyguards for Katherine Jackson and the children when they are away from home), insurance, indoor and outdoor maintenance, utilities, etc.

• The estate also purchased a brand new Cadillac Escalade for the exclusive use of Katherine Jackson and Mr. Jackson’s minor children. As Katherine Jackson says she no longer feels comfortable driving, the estate pays the monthly salary for a driver (of Katherine’s choosing) to chauffeur her and the children.

NONE of these expenses come from the $26,804.00 personal allowance Katherine Jackson receives each month for her exclusive use, nor do they come from the $60.........,000.00 in support she receives for the children.

• ALL tuition and educational fees associated with Mr. Jackson’s children are paid DIRECTLY from the estate. These costs are NOT deducted from the $60.........,000.00 monthly support payments meant to benefit Mr. Jackson’s children.

If in fact Katherine Jackson has acquired additional or unforeseen personal expenses over the last year, the court will certainly adjust her allowance accordingly. But Katherine Jackson needs to prove to the court that those expenses are legitimate and pertain to her being.


I hope this helps clarify things.


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.

1390 days ago
120.

Chic    

I think she may have been getting over $40,000.00 a month from
Michael and that's what she wants now and she will get it I hope
once the will goes through Probate. Michael wrote, co-wrote and
arranged and produced most of his music. And produced,directed
and co-produced and co-directed most of his short films and starred in them I don't think Elvis got the opportunity to do
any of that. Michael's the greatest entertainer that ever lived.

1390 days ago
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