Introduction
Ordinary partnerships are gaining popularity in Turkey over the
past decade; especially due to the rapid increase in necessity of
joint ventures being the best course of action for companies
intending to cooperate for tenders in various sectors such as
infrastructure, transportation, energy, and defence. Ordinary
partnerships constitute one of the most preferred common legal
structures for such contractual joint ventures; that being said,
confusion regarding their distinctive nature causes specific
clarifications to be made in due course.
Under Turkish law, commercial companies (such as limited
liability companies, joint-stock companies, etc.) are regulated
under the Turkish Commercial Code No. 6102
("TCC"), whereas ordinary partnerships
are regulated under Articles 620-645 of the Turkish Code of
Obligations No. 6098 ("TCO"). In Article
620 of the TCO, an ordinary partnership is defined as "an
agreement in which two or more persons undertake to join
