- 50
Jimi Hendrix
Description
- Settlement agreement, signed by Hendrix, Curtis Knight, PPX & Warner Brothers
- paper
Literature
Condition
In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.
Catalogue Note
“It could truly be said that Hendrix’s entire future was affected by this lawsuit and Warner Bros.’ settlement with Ed Chalpin” (Henderson, p. 227). During the 1968 U.S. tour, Hendrix had proved to be a major draw and his albums were selling better than Frank Sinatra or Dean Martin’s ever did. Warner Bros. president Mo Ostin discovered, while at lunch in New York with Chas Chandler, that Hendrix’s legal situation was more complicated than he knew, and that Hendrix was not signed directly to Warner but to Yameta. As soon as Warner’s team of fourteen lawyers realized this, there was a near immediate settlement with Chalpin.
The present contract records that agreement bringing to a close the legal action brought by PPX against Hendrix, and that between Yameta and Capitol Records. PPX assigned to Warner all of its rights as originally held by the infamous 1965 contract Jimi had signed, but agreeing to pay PPX a fee and royalties until 1972, and stipulating that an album of new material be produced with the proceeds going to PPX (to be the "Band of Gypsys" album).