Written, produced and directed by Victor Nieuwenhuijs. Starring Anne van de Ven as Wanda, and André Arend van de Noord as Severin. IMDB
(Unless otherwise stated, all quotes are from English dub, not the English subtitles.)
Unlike the 1967 Venus in Furs or the 1969 Jesus Franco Venus in Furs, this is pretty close to the original story, though set in the present day. Severin, a young man, falls for a young woman named Wanda. They sign a contract to formalize their dominant-submissive relationship.