Assignment for payment (cesión onerosa)
It transfers a right or claim to another person in exchange for a price; for example, assigning what someone owes you or your position in a contract. It works like a sale, and the key step many people forget is notifying the debtor.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- For anyone who wants to transfer a claim or right in exchange for money, for companies that assign collection portfolios, and for anyone selling their position in a contract or business
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Review of the right or claim to be assigned.
- Drafting of the assignment with the price and the guarantees.
- Scheduling the appointment at the notary office.
- Handling the notice to the debtor when applicable.
Does not include
- Court collection of the assigned claim.
- The official notary fees, which are paid separately per page.
Add to your procedure
Check it and we include it in your quote. You decide at the end.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 4.
- The assignor's and the assignee's details
- The document the right or claim comes from (contract, invoice, court judgment)
- The debtor's details for the notice
- And the valid cédula (Venezuelan national ID card) of everyone who signs in person at the notary office
How the process works
You do very little. We take care of the rest. The whole process: on average, 2 to 4 business days.
- Step 1
Tell us what you're assigning
You tell us what right or claim you're assigning and for how much.
You do this - Step 2
We set the price
We draft the assignment with the price and the guarantees.
We do this - Step 3
You sign
We schedule the appointment and the parties sign before the notary with their cédula.
You do this - Step 4
We notify
We handle the notice to the debtor so the assignment is binding against third parties.
We do this - Result
Done
We hand you the authenticated assignment.
You receive it
For the notarial document, we draft it, the parties review it, and it's signed before the notary (a public official).
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The official notary fee. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment has two parts, and we show you each one separately. Our base professional fee, from $55, for drafting the assignment, setting out the price and the guarantees, and handling the notarial authentication and the notice to the debtor. This base fee covers a standard transaction; if the assigned right involves a large amount, the fee is adjusted in proportion to the transaction, which we agree on with you before drafting
The official notary fee, calculated per page and paid in bolívares at the official BCV exchange rate on the day of the procedure Your lawyer gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I don't notify the debtor?
The debtor keeps paying the assignor, and as far as the debtor is concerned the assignment doesn't exist; under article 1.550 of the Código Civil, without that notice the assignment has no effect against the debtor or third parties.
Is an assignment a sale?
Legally, yes; the Code treats it as one.
How much does it cost?
The professional fee, from $55, covers drafting and notarial authentication; the official notary fee, per page, is separate.
Can I assign a right that's in litigation?
Yes, those are litigious rights.
Do we have to sign in person?
Yes, both assignor and assignee, with a valid cédula at the notary office.
About this procedure
An assignment for payment (cesión onerosa) is the contract in which one person, the assignor, transfers a right, a claim or a contractual position to another, the assignee, in exchange for a price. The Venezuelan Código Civil (Civil Code) treats it as a sale: article 1.549 provides that the sale or assignment of a claim, right or action is complete once there's agreement on the right assigned and the price. It's used a great deal to assign receivables (what someone owes you), rights under a contract, quotas or interests, and litigious rights. But there's a point at the heart of the transaction that people tend to overlook: under article 1.550, the assignment has no effect against the debtor or third parties until the debtor is notified or accepts it. In other words, you can sign the best assignment in the world, but if you don't notify the debtor, the assignee has no way to enforce it. We draft the assignment clearly defining the right, the price and the guarantees, have it authenticated at the Notaría Pública (government notary office) to give it fecha cierta (a legally certain date, so the document holds up against third parties), and handle the notice to the debtor so the transaction is airtight. If you're going to assign the right without charging anything, look at the Assignment without payment (cesión gratuita); if what you're receiving is an asset from a common pool, look at the Allocation of assets (adjudicación).
Legal framework and important notes
Ley de Registros y Notarías (Registries and Notaries Law) · Código Civil (Civil Code)
- The most common and most costly mistake is signing the assignment and not notifying the debtor
- Without that notice, article 1.550 leaves the assignment without effect against third parties
- That's why we don't close out the service until that notice is handled
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
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