The Weinstein Company had Harvey Weinstein sign a contract that arranged payments in advance.
The Weinstein Company looks like they were aware of Harvey Weinstein’s habits and were prepared to work with him on the assumption that they could deal with them. Basically, they arranged a set price for instances of treating people “improperly.” But if The Weinstein Company knew that he might do this, that makes the instances of sexual misconduct far more serious.
How does the company itself not become liable by doing this?
Lifezette reports, “Weinstein Contract May Have ‘Allowed’ for Sexual Harassment.”
The contract states, according to TMZ, that if Weinstein “treated someone improperly in violation of the company’s Code of Conduct,” he must reimburse The Weinstein Company for any settlements or judgments that came about because of his actions.
“You [Weinstein] will pay the company liquidated damages of $250,000 for the first such instance, $500,000 for the second such instance, $750,000 for the third such instance, and $1,000,000 for each additional instance,” states the contract, as TMZ reported.
The contract then says the reimbursement of lost funds creates a “cure” for Weinstein’s misconduct and that no further action would be required.
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