Contract Formation and Enforcement in Turkey: Overview | Practical Law

Contract Formation and Enforcement in Turkey: Overview | Practical Law

A Q&A guide to contract formation and enforcement in Turkey.

Contract Formation and Enforcement in Turkey: Overview

Practical Law Country Q&A 1-635-9370 (Approx. 20 pages)

Contract Formation and Enforcement in Turkey: Overview

by Ömer Çollak, Serdar Ildırar and Simge Şengün, Paksoy
Law stated as at 01 Sep 2022Turkey
A Q&A guide to contract formation and enforcement in Turkey.
The Q&A gives a high-level overview of key legal concepts, including contract formation with general discussions as to authority, formal legal requirements, formalities for execution, the requirements for deeds and notarisation, powers of attorney, and virtual closing and completion meetings. It also considers the different types of contractual terms, variation, assignment and waiver of contracts, enforcement and remedies, and cross-border issues.