AssetID: 53264826
Headline: UNCAPTIONED: John Oates is accused of 'ultimate partnership betrayal' in plan to sell joint venture stake
Caption: John Oates Is Accused of ‘Ultimate Partnership Betrayal’ in Plan to Sell Joint Venture Stake. John Oates wants to sell his stake in Hall & Oates without Daryl Hall's permission. Part of that stake "includes Hall & Oates trademarks, personal name and likeness rights, record royalty income and website and social media assets," NBC News reports. Hall sued his music partner, and a temporary restraining order was issued on Nov. 16, effectively pausing Oates' sale of his share of Whole Oats Enterprises LLP. In a declaration filed on Nov. 29, Hall accused Oates of engaging in the "ultimate partnership betrayal". "While falsely contending over the last several months that the Oates Trust wanted to maintain ownership in WOE, John Oates and the Co-Trustees engaged in the ultimate partnership betrayal." "They surreptitiously sought to sell half of the WOE assets without obtaining my written approval." Daryl Hall, via court declaration. Oates wants to squash the temporary restraining order, asserting that Hall has wanted to been seen as an individual for years. "Over the years, Daryl has consistently and publicly been adamant about being perceived as an individual rather than as part of a duo or group." "Thus, he has insisted on our being known as ‘Daryl Hall and John Oates,’ rather than the more commonly known ‘Hall & Oates.’" John Oates, via court declaration. "On this point I agree. I now must act with truthfulness and make decisions that are right for myself, my family and my artistic future." John Oates, via court declaration. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: John Oates,Accused,Ultimate,Partnership,Betrayal,Plan,Sell,Joint,Venture stake,Trademarks,Musician,Partner,Whole Oats Enterprises LLP,Website,Record,Royalty
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