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ARTICLE · 25 JUNE 2024

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Joint Venture Agreement And Sample Agreement

Joint venture agreements are contracts concluded between entrepreneurs for the establishment of joint venture type partnerships.

TurkeyCorporate/Commercial Law
Solmaz Law & Consultancy
Solmaz Law & Consultancy
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#Joint venture agreements are contracts concluded between entrepreneurs for the establishment of joint venture type partnerships. Joint venture type initiatives enable the realization of comprehensive and costly projects more easily and with less risk thanks to the cooperation established. Joint venture is not positioned as a separate type of commercial company under Turkish law. Joint ventures are initiatives established by legal entities or natural persons who come together under a contract, each with independent administrative and financial organization, and aim to make commercial profit. In Turkey, names such as "business partnership" and "joint venture" are also used for the concept of joint venture. However, we believe that it is more appropriate to use the original name of joint venture, which is an imported concept in terms of our law.

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