Glossary entry (derived from question below)
Spanish term or phrase:
ceder su posición contractual
English translation:
To assign rights and duties
Spanish term
ceder su posición contractual
Non-PRO (2): TechLawDC, Yvonne Gallagher
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Proposed translations
Argentina
EnglishSpanish Translator
Native in: Spanish (Variants: Latin American, Argentine) 
Works in: English to Spanish, Spanish to English
To assign rights and duties
These definitions were taken from the West's Business Law 12 ed.
France
Ora et labora
Native in: English
Works in: French to English, Spanish to English, Italian to English, and 13 more.
Cede their right to ownership pursuant to the deal
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
assign their involvement/participation
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish)
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
contract out of /their privity in/ the same
Often a scenario of novation or altered privity of contract, either of which doctrines non-pro voters may care to elaborate on.
The purpose ... of....assignment of contract rights is to change the contractual relationship, or privity, between two parties by replacing one party with a new party.
Novation The substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement.
http://www.netlawman.co.uk/ia/novation-assignment
http://www.proz.com/kudoz/spanish-to-english/law-patents/498259-cesión-de-posición-contractual.html
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