Gd(III) (S = 7/2) polyaminocarboxylates, used as contrast agents for Magnetic Resonance Imaging (MRI), were studied in frozen solutions by High-Frequency-High-Field Electron Paramagnetic Resonance (HF-EPR). EPR spectra recorded at 240 GHz and temperatures below 150 K allowed the direct and straightforward determination of parameters governing the strength of zero-field splitting (ZFS). For the first time, a correlation has been established between the sign of the axial ZFS parameter, D, and the nature of the chelating ligand in Gd(III) complexes: positive and negative signs have been observed for acyclic and macrocyclic complexes, respectively. Furthermore, it has been shown that complexes of the less symmetric acyclic DTPA derivatives possess a substantial rhombicity, E, in contrast to the more symmetric macrocyclic DOTA derivatives, where E is negligible. The results obtained are compatible with recent results of liquid-state EPR and allowed to simulate 1H Nuclear Magnetic Relaxation Dispersion (NMRD) profiles with more directly physically meaningful EPR and NMR parameters over the full frequency range from 0.01 to 50 MHz.