Allen Klein signed a management contract with John Lennon and Yoko Ono’s Bag Productions Ltd on 20 September 1969.
It took place after Lennon told the other members of The Beatles that he was leaving the band.
On this evening, Lennon, Ono and Klein went for dinner at The Peppermill restaurant at 17 Cork Street, London, two streets away from the Apple Corps headquarters. A contract was written on the back of a menu, in which Lennon and Ono agreed to pay Klein’s ABKCO 20% of the gross income earned by their production company.
You are hereby appointed as business manager to the Company for a period of 3 years from the date of this letter. This appointment can be terminated by either of us by giving 3 months notice to expire on either the 1st or 2nd yearly anniversary.
Page last updated: 13 February 2026