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ARTICLE · 23 NOVEMBER 2017

Features Of Joint Venture Contract

Then they establish a commercial company that has a legal personality, and commence participate in an already existing partnership.

TurkeyCorporate/Commercial Law

Introduction

In cases where the means of an individual establishment is not sufficient due to the volume or technical features of the commercial operation that is planned, need for cooperation arises in order to carry such a commercial operation. Partnerships that are formed as joint ventures are frequently encountered in infrastructure projects, as well as in the transportation, energy and construction sectors. Particularly, companies are willing to participate in wide-ranging investments by combining forces under the structure of joint ventures and joint projects which makes for stronger investments by using each other's specialties and the strength realized through financing together.

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