IP Centric Joint Ventures Head To Face Questions Under Turkish Law

Joint ventures are commercial partnerships that are formed under a separate legal entity or by an agreement by two or more independent entities for the purpose of performing a specific work under the same objective. They are typically established when an entity's resources are not enough to fund the ventures by itself and need to collaborate with another entity. Entities may contribute to the joint venture in equity or non-equity form.

Because Research and Development (R&D) projects may be costly for the technology firms, especially for the start-ups, the firms may choose to conduct R&D activities under a joint venture. In addition to financial burden of R&D, lack of know-how or other IPs may also make creating a joint-venture an attractive idea. In most cases, intellectual property contribution matters as much as an equity contribution for IP centric joint ventures.