Document background
The Deed of Assignment of Receivables is a crucial document in Singapore's commercial landscape, particularly in financing and debt transactions. It enables businesses to monetize their receivables by legally transferring their right to collect payment to another party. This document must be carefully drafted to comply with Singapore's legal requirements, including the Civil Law Act and Companies Act. The deed typically includes detailed descriptions of the receivables, warranties about their existence and validity, and provisions for notification to debtors. It's commonly used in factoring arrangements, securitization transactions, and as security for financing.
