# The Business Contract Terms (Assignment of Receivables) Regulations 2017, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations deal with contractual terms which prohibit or restrict the assignment of receivables. A receivable is a right to be paid under a contract, but various types of contract are excluded from the scope of the Regulations. The Regulations provide that terms prohibiting the assignment of a receivable or preventing the assignee from determining the validity or value of a receivable or hindering their ability to enforce a receivable have no effect.
A full regulatory impact assessment of the effect of these Regulations on the costs of business and the voluntary sector is available from the Department for Business, Energy and Industrial Strategy, 1 Victoria Street, London, SW1H 0ET or from www.gov.uk/beis .

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160305/note (the official version)
Page: https://openlegislation.uk/draft-business-contract-terms-assignment-of-receivables-regulations-2017/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.