Joint Venture
"What are the legal structures for joint ventures in Turkey?"
Quick Answer
Joint ventures can be structured as contractual arrangements or incorporated entities. Key considerations include governance, profit sharing, and exit mechanisms.
Scope and Legal Distinctions
A joint venture may be contractual or organised through a company. The label does not determine legal personality, partner liability or who may bind the venture.
What to Check in Practice
Define contributions, governance, profit sharing, exit and customer liability; align project contracts and any incorporated entity's articles.
Sources & Authorities
Statutory framework and official guidance for this definition.
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