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Assignment Of Revenue Agreement Template for Netherlands

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Key Requirements PROMPT example:

Assignment Of Revenue Agreement

"I need an Assignment of Revenue Agreement under Dutch law for my tech company to assign future subscription revenue streams to a bank as part of a financing arrangement, with the assignment to take effect from March 1, 2025."

Document background
The Assignment Of Revenue Agreement is a crucial document used in Dutch financial and commercial transactions where one party wishes to transfer its rights to receive future revenue streams to another party. This document is commonly utilized in project finance, securitization, factoring arrangements, and corporate restructuring under Dutch law. It contains detailed provisions regarding the assignment mechanism, representations about the revenue rights, payment arrangements, and necessary notifications to third parties. The agreement must comply with Dutch Civil Code requirements, particularly regarding the assignment of rights (cessie) and financial obligations. It's essential for transactions involving revenue monetization, funding arrangements, or security structures, and often forms part of larger financing arrangements in the Netherlands.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee with full legal names and addresses

2. Background: Context of the agreement, including the origin of the revenue rights being assigned

3. Definitions: Definitions of key terms used throughout the agreement

4. Assignment: Core provision detailing the assignment of revenue rights from Assignor to Assignee

5. Consideration: Details of payment or other consideration for the assignment

6. Effective Date: Specification of when the assignment takes effect

7. Assignor's Representations and Warranties: Confirmations regarding ownership, right to assign, and status of the revenue rights

8. Notification and Payment Instructions: Process for notifying relevant parties and redirecting revenue payments

9. Further Assurance: Obligations to execute additional documents or take actions to perfect the assignment

10. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Security Provisions: Additional security arrangements if the assignment is part of a security structure

2. Tax Provisions: Specific tax-related provisions where significant tax implications exist

3. Recourse Provisions: Terms regarding whether the assignment is with or without recourse to the Assignor

4. Regulatory Compliance: Specific provisions required for regulated industries or activities

5. Third Party Consents: Provisions regarding obtaining necessary third-party consents

6. Anti-assignment Provisions: Addressing any existing anti-assignment restrictions

7. Partial Assignment Provisions: Special terms for cases where only a portion of revenue is being assigned

Suggested Schedules

1. Schedule 1 - Revenue Rights Description: Detailed description of the revenue rights being assigned

2. Schedule 2 - Payment Details: Bank account and payment routing information

3. Schedule 3 - Existing Agreements: List and copies of relevant underlying agreements generating the revenue

4. Schedule 4 - Form of Notice: Template for notices to be sent to revenue-paying parties

5. Schedule 5 - Historical Revenue Information: Historical data on revenue streams being assigned

6. Appendix A - Required Consents: List of required third-party consents and their status

7. Appendix B - Calculation Methods: Details of any specific calculation methods for variable revenues

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Financial Services

Banking

Infrastructure

Real Estate

Energy

Telecommunications

Healthcare

Technology

Manufacturing

Entertainment

Renewable Energy

Construction

Professional Services

Relevant Teams

Legal

Finance

Treasury

Commercial

Risk Management

Compliance

Tax

Business Development

Operations

Credit Management

Corporate Finance

Project Finance

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Corporate Lawyer

Treasury Manager

Financial Controller

Commercial Director

Business Development Manager

Risk Manager

Compliance Officer

Tax Director

Account Manager

Investment Manager

Project Finance Manager

Operations Director

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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