Franchise and Distribution Agreements in Turkey: Legal Risks and Protections Doing business in Turkey through a local partner can be very attractive. The market is young, dynamic and strongly connected to both Europe and the Middle East. However, using franchise or distribution models without a solid contract can easily lead to disputes, loss of reputation […]
Introduction The Turkish Commercial Law (Türk Ticaret Hukuku) regulates the legal framework for commercial activities in Turkey. Codified in the Turkish Commercial Code (Türk Ticaret Kanunu – TTK, No. 6102), it provides the rules governing merchants, companies, commercial transactions, negotiable instruments, maritime law, and insurance. For foreign investors, entrepreneurs, and businesses operating in Turkey, understanding […]
Introduction Franchise in Turkey has become an attractive business model for foreign investors seeking to enter the dynamic Turkish market. With a young population, strategic location, and strong retail growth, franchising offers significant opportunities. However, investors must first understand the legal framework regulating franchise agreements in Turkey. For foreign investors considering franchising in Turkey, it […]
1. Introduction A letter of credit (L/C) is one of the most secure payment methods in international trade. It provides payment assurance between the exporter and importer, while minimizing risks through the intermediary role of banks.In trade between Türkiye and Arab countries, letters of credit are frequently preferred to ensure payment security and legal clarity.This […]