The Agreement For Receiving Money is a critical document used in German financial transactions to formalize and document the receipt of monetary funds between parties. It is particularly relevant when significant sums are being transferred and formal documentation is required for legal, tax, or compliance purposes. The agreement is structured to comply with German financial regulations, including the German Civil Code (BGB), Anti-Money Laundering Act (GwG), and Banking Act (KWG). It is commonly used in various contexts, from business investments to loan disbursements, and includes essential provisions for verifying the source of funds, confirming the purpose of the transfer, and establishing the rights and obligations of all parties involved. The document's importance has increased with stricter financial regulations and the need for transparent documentation of monetary transactions in Germany.

1. Parties: Identification and details of the party transferring the money (sender) and the party receiving the money (recipient), including full legal names, addresses, and registration details if applicable

2. Background: Context of the money transfer, including the relationship between parties and the general purpose of the transfer

3. Definitions: Key terms used throughout the agreement, including 'Transfer Amount', 'Transfer Date', 'Business Day', and any specific technical or legal terms

4. Transfer Details: Specific details of the money transfer, including exact amount, currency, and timing of the transfer

5. Payment Method: Specified method of transfer, including bank account details and any specific transfer protocols to be followed

6. Purpose of Transfer: Detailed explanation of the reason for the transfer and any conditions attached to the use of funds

7. Acknowledgment and Receipt: Recipient's confirmation of receiving the money and agreement to the stated terms

8. Anti-Money Laundering Compliance: Declarations and commitments regarding the legitimate source and use of funds, compliance with GwG requirements

9. Tax Considerations: Statements regarding tax obligations and responsibilities of both parties

10. Representations and Warranties: Standard declarations by both parties regarding their capacity to enter into the agreement and the legitimacy of the transaction

11. Governing Law and Jurisdiction: Specification of German law as governing law and designation of competent courts