Background
Until 1979 fixed prices of the books on the French market were maintained as a result of voluntary agreement between publishers and booksellers. In 1979 decrees forbidding such practices were issued by René Monory, french Minister of the Economy at the time. Repealing of Monory's reforms of the book market, in order to protect small, traditional booksellers from competition of big stores and chain retailers (such as Fnac), was part of François Mitterrand's electoral program during presidential campaign in 1981. After Mitterrand won theContents of the law
The Lang Law works as follows: * The publisher decides on a price for its book and is obliged to print it on the back * Retailers ( professional booksellers and other, nonspecialized sellers), are not allowed to sell a book for a discount more than 5% below the price set by the publisher. The law was extended to cover e-books in May 2011. Due to this law it is illegal to provide e-books of French publishers as a part of subscription service for a flat, periodical rate.See also
* Fixed book priceBibliography
*References
{{Reflist French business law Anti-competitive practices Price controls 1981 in law