Introduction Commercial contracts often involve significant financial risks and complex obligations between businesses. In order to manage these risks, parties frequently include provisions that limit or regulate the extent of liability in case of breach or damage. These provisions are commonly known as limitation of liability clauses. Limitation of liability clauses allow parties to define […]
Introduction Contracts are designed to create legally binding obligations between parties. However, not every agreement automatically produces legal consequences. In some situations, a contract may be considered invalid under the law because it fails to meet certain legal requirements. In Turkish law, the validity of contracts is governed primarily by the Turkish Code of Obligations […]