Guarantee Agreement
"What types of guarantees are recognized under Turkish law?"
Quick Answer
Turkish law recognizes personal guarantees, bank guarantees, and corporate guarantees. Spousal consent may be required for personal guarantees.
Scope and Legal Distinctions
A guarantee may differ from accessory suretyship, and classification depends on the actual undertaking. Calling a promise a guarantee does not avoid mandatory protection or form rules.
What to Check in Practice
Review the guarantor, amount, duration, demand conditions and any personal-security formalities before signature or enforcement.
Sources & Authorities
Statutory framework and official guidance for this definition.
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