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It's been three years since Lil Wayne sued Birdman and Cash Money Records for breach of contract. Today it's being reported that 35-year old rapper has won his recording freedom.

The suit claimed that Cash Money violated the deal in three ways.

1. Not paying Wayne an $8 million advance when he began recording Tha Carter V in December 2013.

2. Failing to pay Wayne an additional $2 million upon completion of the album a year later.

3. Refusing to release the album.

According to XXL, Wayne, born Dwayne Carter, reached a settlement with Cash Money and it's distribution partner, Universal Records, that officially severs his ties with the only record company he has known.

The agreement will allow him to finally release his long-awaited "Carter V" album through Universal.

Wayne will reportedly receive a financial settlement north of $10 million.

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