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ARTICLE · 25 NOVEMBER 2015

Brokerage Agreement Under Turkish Law

In case a legal conflict arises out of a certain agreement, the first thing to do is determining the nature of that agreement in order to specify the applicable statutory provisions.

TurkeyCorporate/Commercial Law
Akdogan | Uslas Attorneys At Law
Akdogan | Uslas Attorneys At Law

In case a legal conflict arises out of a certain agreement, the first thing to do is determining the nature of (i.e., identifying) that agreement in order to specify the applicable statutory provisions. Misidentification of an agreement inevitably leads to wrong statutory provisions being applied to the same, which may have tragic consequences.

Although frequently used in practice, brokerage agreement (simsarlik sozlesmesi) is not a well-conceived term in Turkish business environments. There are several cases where most people, including legal practitioners, have considerable difficulties in distinguishing between brokerage agreement on one hand and commission agreement (komisyon sozlesmesi) and agency agreement (vekalet sozlesmesi) on the other hand. That these agreements may, in some cases, actually be intertwined is also another fact. The latter means there may be instances where the relevant provisions of the Turkish Code of Obligations1 ("the TCO") regarding

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