Release Agreements In Labour Law

A release is a legal agreement arising from the obligations law and is defined as a reason for the termination of a debt that directly eliminates the receivable and debt. In business life, a release is a document signed by the employee after the termination of the work relation, stating that the employee has no receivables from the employer within the scope of the work relation.

Although the most common area where releases are encountered is labour law, the release takes its source from the Turkish Code of Obligations ("TCO"). Article 420/2 of the TCO regulates the validity conditions of the release: The release agreement regarding the employee's receivables from the employer shall be in writing, at least one month shall have elapsed since the termination of the agreement as of the date of the release, the type and amount of the receivable subject to the release shall be clearly stated, and the payment must be made in full compared to the amount of the right and