When it comes to the business of rap, Master P is the master of it - all puns intended. In the late '90s, the rap vet created the blueprint for how independent labels should be run with No Limit Records. Now an elder statesman of hip-hop, Master P has offered his thoughts on how Lil Wayne and Birdman should settle their ongoing legal battle.

In an interview with HipHopDX, Master P, whose real name is Percy Miller, was asked how should Weezy and Baby reconcile their differences.

“I think they’re eventually going to work it out because they’re hurting theyself,” he says. “They both losing money. I think Lil Wayne is probably one of the biggest artists in the world. Nobody’s gonna be able to take that away from him."

He continued, "I think that Baby built something from Louisiana and people got to respect that. Together they made something powerful. Now they just gotta figure out how to go separate ways with it. I’ve been working with Lil Wayne. I’ve got another record with him. Shout out to little homie. I definitely want to see him win.”

Reports have surfaced that Rap-A-Lot founder J. Prince is planning to step in and mediate Wayne and Birdman's legal feud. Master P sees this as a good thing as J .Prince is both respected in both business and in the streets.

“When you talk about [J. Prince], that’s the big homie,” he said. "It’s always much respect and love for him. Maybe this thing needs to go to somebody that can’t let them know, like, ‘Man, what is y’all fighting over? Y’all did this together.’"

He also said that J. Prince probably won't really get to hands on with their pending issues too much.

"J ain’t the type of person who gonna get in they business or nothing like that because he respects the streets," P said "I feel like he’ll probably give them some advice, but that’s gonna be on them because that’s really their problem. I think J got a lot of respect for what they’ve done as a team and coming from the south. It’s like a marriage: even though you ain’t gonna be together, you’ve gotta figure it out. It’s like me, I gotta work it out with my ex-wife for my kids. It ain’t even about me no more, but I gotta do what’s right for my kids.”

Watch Master P's interview with HipHopDX above.