ASSIGNMENT OF RECEIVABLES AGREEMENT
ASSIGNMENT OF RECEIVABLES AGREEMENT
Contract Date: [Day/Month/Year]
Contract No: [Number, if any]
This Assignment of Receivables Agreementbetween the parties whose details are provided below, the Turkish Code of Obligations No. 6098, the Turkish Civil Code No. 4721, and other relevant legislation , for the purpose of assigning a specific receivable and regulating the mutual rights and obligations of the parties.
1. PARTIES
Assignor (Person/Company Transferring Receivables):
- Name/Title: [Name or Company Name of Assignor]
- TR Identity Number / Tax Number: [XXXXXXXXXX]
- Address: [Assignor's Address]
- Phone: [XXXXXXXXX]
- Email: [XXXXXXXXX]
Assignee (Person/Company Receiving the Receivable):
- Name/Title: [Name of Assignee or Company Name]
- TR Identity Number / Tax Number: [XXXXXXXXXX]
- Address: [Address of the Transferee]
- Phone: [XXXXXXXXX]
- Email: [XXXXXXXXX]
The parties will be referred to as "Assignor" and "Assignee" in this agreement .
2. SUBJECT OF THE AGREEMENT
The subject of this agreement is the determination of the receivable belonging to the Assignor and transferred to the Assignee, the assignment process, and the definition of the mutual rights and obligations of the parties.
- Assigned Receivable: [Debtor's Name, Contract/Invoice Number, Amount Debt]
- Source of Receivable: [Contract, Invoice, Promissory Note, Court Decision, etc.]
- Amount Receivable: [X TL/USD/EUR]
- Debtor's Name: [Debtor's Full Name or Company Name]
- Debtor's Address: [Debtor's Address]
3. FORM OF ASSIGNMENT AND TRANSFER CONDITIONS
3.1 Assignment of Receivables
- The Assignor hereby agrees and undertakes to transfer the aforementioned receivable to the Assignee.
- The assignment transaction will be deemed to have taken place on [Day/Month/Year]
- The receivable a definitive assignment , and the Assignor retains no rights or authority over the said receivable.
3.2 Notification Obligation
- The assignment transaction will be notified to the Debtor immediately in writing.
- Notification to the debtor is made by the Assignor or Assignee and written confirmation is obtained.
3.3 Transfer and Payment Terms
- In exchange for the assignment of the receivable, the Assignee will pay the Assignor [X TL/USD/EUR]
- Payment methods: [Bank Transfer / EFT / Check / Cash]
- Payment due date: [Day/Month/Year]
3.4 Type of Assignment
- This assignment is definitive , and all rights of the Assignor over the claim have passed to the Assignee.
- The assigned receivable has passed into the disposal of the Assignee without any conditions or limitations.
4. RIGHTS AND OBLIGATIONS OF THE PARTIES
4.1 Assignor's Obligations
- The assignor guarantees that the transferred receivable is genuine, valid, and to which no third party has a right.
- The assignor does not guarantee that the debtor has the ability to pay the assigned debt, but only guarantees the existence of the debt.
- The assignor is obligated to notify the debtor in writing of.
4.2 Obligations of the Assignee
- The assignee shall fulfill the payment obligations specified in the contract.
- The assignee will take the necessary steps to collect the assigned receivable from the debtor .
5. TERMINATION AND INVALIDITY OF THE AGREEMENT
5.1 Termination of the Contract
- Either party may terminate the contract by giving written notice [X] days in advance if the other party fails to fulfill its obligations .
- If the Assignee fails to fulfill its payment obligation, the Assignor has the right to terminate the contract and recover the receivable.
5.2 Invalidity Cases
- If it is determined that the assigned receivable does not actually exist, or that a third party claims a right to the receivable, the contract becomes void.
- If it is determined that the receivable has been assigned illegally, this contract will be invalid.
6. RESOLUTION OF DISPUTES
- The parties shall endeavor to resolve any disputes arising from this agreement primarily through negotiation .
- In disputes that cannot be resolved between the parties, the [City] Courts and Enforcement Offices have jurisdiction.
7. FINAL PROVISIONS
- This agreement [X] copies and has been read and signed by the parties.
- Neither party may make changes to the terms of this agreement without written notice.
- The parties declare that they accept the terms of this agreement.
📌 REPRESENTATIVE (Assignor of Claim)
Name-Surname / Title: [Assignor's Name]
Signature: __________
📌 REPRESENTATIVE (Recipient)
Name-Surname / Title: [Assignee Name]
Signature: __________