Fact #192810
When:
Short story:
Aspiring rock guitarist Jimmy Hendrix [Jimi Hendrix] signs a recording contract with Ed Chalpin's PPX Enterprises, New York City, USA, for an advance of one dollar. The agreement commits Hendrix to "produce and play and/or sing exclusively" for PPX for three years from this date. He is to make his services available at PPX's request with a minimum of ten days notice to produce no more than four titles per session, with a minimum of three sessions per year. He is to receive in return the nominal sum of US$1 dollar plus "one per cent of the retail selling price of all records sold for his production efforts". PPX has the right to reimburse itself from first profits for "all cost of studio, musicians, etc."
Full article:
Ed Chalpin : In almost forty years of my career as a producer and manager, I have at most taken eight acts under contract. They had to be something special. One of them was Jimmy Hendrix. Jimmy was to sing, play and arrange for me exclusively. The contract was signed in the Hotel America on the night of the 15th October 1965. At that time it was usual to insert the clause 'For one dollar and other good and valuable consideration' in contracts.
Tweet this Fact