CESSION AND ASSIGNMENT OF AGREEMENTS
Summary A Cession of Agreements may be used where the rights and obligations under an agreement need to be ceded and assigned to another person. By signing a Cession & Assignment of Agreements, the Cedent agrees to transfer to the Cessionary the right to claim money and any other benefits owed to the Cedent in terms of the Agreement/s.
Why do I need a Cession of Agreements? The reasons for ceding and assigning an agreement are varied, and could include restructuring of an organisation, the transfer of a business, or the purchase of a debt. This Assignment Agreement provides for the cession of rights and the delegation of obligations from one person to another.
What does the Cession Contract say? The Cession & Assignment contract template can be printed onto three pages.
What do you need to do to use a Cession of Agreements?
- Read the cession and assignment document to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details, and get both parties to sign.
Also known as: Cession Agreement; Terms of Cession; Transfer of Rights & Obligations; Cession & Delegation Agreement.
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