Article by Charmaine Chido Makichi
In this article I am going to talk about a cession.
Cession can be described as a formal giving up of rights, property or territory by a state or assignment of property to another entity. An agreement is the uniting or understanding of opinions., therefore a cession agreement is the agreement which provides that the transfer.
Internationally cession is an understanding under international law by which territory is transferred from one state to another with the consent of both states. Since a cession is a transfer of rights from one person or an entity to another, the person or the entity transferring the rights is known as the cedent which is lender and the recipient normally called the borrower as the cessionary.
A cession can also be described as the act of giving up something usually land by the agreement in a formal treaty. For example, after a war, a losing country might make a cession of part of its land to the victor.
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