Section 7: Timeshare, long-term holiday product, resale and exchange contracts

The consumer has a period of fourteen clear days to withdraw from one of the contracts mentioned in articles L. 224-69 and L. 224-70, without giving any reason. He has this right from the day of conclusion of the contract or from the day of its receipt, if this receipt is subsequent to the day of conclusion of the said contract, without compensation or costs.

In the event that the trader has not completed and supplied to the consumer on paper or on any other durable medium the withdrawal form provided for in 5° of Article L. 224-78, consumers have a withdrawal period of one year and fourteen days from the day on which the contract is concluded or the day on which they receive it. If the withdrawal form is given to the consumer…

If the consumer simultaneously signs a timeshare contract and an exchange contract, a single withdrawal period applies to both contracts.

The time limits set out in the provisions of articles L. 224-79, L. 224-80 and L. 224-81 that expire on a Saturday, Sunday or public or bank holiday are extended until the next working day.

The consumer who intends to exercise his right of withdrawal shall notify his decision to the trader before the expiry of the periods defined in articles L. 224-79, L. 224-80 and L. 224-81, by registered letter with acknowledgement of receipt or, failing this, by any other means offering equivalent guarantees enabling proof of dispatch. The consumer may use the standard withdrawal form mentioned in article L. 224-78. The exercise of…

The trader may not, directly or indirectly, pass on to the consumer exercising his right of withdrawal any costs, including those relating to any services provided prior to the exercise of his right of withdrawal.

The trader may not request or receive from the consumer, in any form whatsoever, payment in advance, provision of guarantees, acknowledgement of debts or a reserve of money in accounts, for the services covered by the contracts mentioned in article L. 224-69 and defined in 1°, 2° and 4° of article L. 224-70, or any other remuneration for himself or for a third party before expiry of the withdrawal periods…

Where the consumer exercises his right of withdrawal from the timeshare or long-term holiday product contract, any ancillary contract, including the exchange contract, shall be terminated ipso jure without cost or compensation.The ancillary contract means a contract by which the consumer acquires services related to a timeshare contract or long-term holiday product contract, these services being provided by the trader or a third party on the basis of an agreement…

With regard to the long-term holiday product contracts mentioned in article L. 224-70, payment shall be made in accordance with a staggered payment schedule from which no exceptions may be made. Payments, including any contributions, are divided into annual instalments, each of equal value. The professional shall send a request for payment in writing, on paper or on any other durable medium, at least fourteen days before each due date.

Where payment of the price is made in whole or in part by means of credit granted to the consumer by the trader or through a third party, the exercise by the consumer of his right of withdrawal from the timeshare, long-term holiday product, resale or exchange contract shall entail the automatic termination, without costs or compensation, of the credit agreement.