Modernization of the Economy Act : The French legislator enacts the Modernization of the Economy Act on August 4, 2008

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Law No. 2008-776 of 4 August 2008 Adopted on 4 August 2008, the law on modernisation of the economy is a new step in the reform of relations between suppliers and distributors. This new reform comes three years after the Dutreil law of 2 August 2005 (which overhauled the rules applicable to conditions of sale, provided a framework for commercial cooperation and profoundly modified the rules for calculating the threshold for resale at a loss) and only a few months after the Chatel law of 3 January 2008 (which reformed contractual formalism and lowered the threshold for resale at a loss to triple net). The objective of the new law is to "stimulate