One way to secure debts owed to you by a debtor, is to take cession of a right/rights. This document will allow you to take cession of a claim, book debts, asset, etc. When your debtor fails to honour his payment obligations, you can exercise your rights in terms of the cession.
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Cession of Rights as Security
This contract does not constitute legal advice.
Botha Bezuidenhout Attorneys Inc. accepts no liability for any loss or damage caused whatsoever if this contract is used without obtaining legal advice from Botha Bezuidenhout Attorneys Inc.