Document background
The Receivables Transfer Agreement is a crucial document used in financial and commercial transactions under Dutch law when one party wishes to transfer its rights to receive payments (receivables) to another party. This type of agreement is commonly used in factoring, securitization, or business restructuring scenarios. It must comply with the Dutch Civil Code (Burgerlijk Wetboek), particularly Books 3 and 6, which govern property law and obligations. The agreement covers essential elements such as the identification of receivables, transfer mechanics, representations about the receivables' quality, and procedures for perfecting the transfer. It's particularly important in transactions where businesses need to monetize their receivables or transfer them as part of a larger financial arrangement. The document includes specific provisions required under Dutch law for the valid transfer of receivables, including requirements for notification to debtors and formalities for the assignment.
