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Regulation 2 Effect of a non-assignment of receivables term

Original text. Later amendments are not shown.

A term in a contract has no effect to the extent that it—

(a)

prohibits the assignment of a receivable arising under that contract or any other contract,

(b)

prevents a person to whom a receivable is assigned (“the assignee”) from determining its validity or value (including determining their ability to enforce the receivable), or

(c)

hinders the assignee’s ability to enforce the receivable.