Document background
The Accounts Receivable Assignment Agreement is a crucial document used in the Netherlands for businesses looking to monetize their receivables or secure financing against them. This agreement is commonly used in factoring arrangements, securitization transactions, or as part of broader financing structures. It must comply with specific requirements under the Dutch Civil Code (Burgerlijk Wetboek), particularly regarding the form of assignment (openbare or stille cessie) and notification requirements to debtors. The document includes comprehensive details about the assigned receivables, purchase price calculations, representations about the quality and existence of the receivables, and operational procedures for managing the assigned receivables. It's particularly relevant in situations where companies seek to improve their working capital position or obtain alternative financing.
