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Loan Agreement — France

Governing law referenceLoi n° 2018-670 relative à la protection du secret des affaires (French Trade Secrets Law)
Local enforcement bodyDirection générale de la concurrence, de la consommation et de la répression des fraudes (DGCCRF)
Average legal fee range€200–€500/hrpending legal review
Compliance requirementShould clearly state the interest rate, repayment schedule, and default consequences, and comply with local usury limits.
Penalty for violationInterest rates exceeding a jurisdiction's usury cap can render the excess interest unenforceable or void the loan.pending legal review
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