Tax Impact Of Sponsorship Agreements Between Companies And Individual Athletes And Sports Teams What Is A Sponsorship Deal ? Sponsorship agreements are agreements in asset and in cash made by companies or real person traffickers with sports clubs or individual athletes.Within the scope of the sponsorship activity that will take place in asset sponsorship, institutions…
Tax Impact Of Sponsorships In Health Care What Is Sponsorship ? Sponsorship is an agreement made by companies or real person traders in kind and material terms with the person or institution they want to sponsor.Within the scope of the sponsorship activity that will take place in kind sponsorship, institutions sponsor the person or institution…
Tax Advantages of Joint Stock Companies There are significant differences in favor of the joint stock company partners as opposed to the limited liability company partners in taxing the income generated by withdrawal from the company. The most important reason for this is the significant taxation of limited liability company share transfers which is due…
Evaluation of Coronavirus Regarding the Contracts The World Health Organization has declared the coronavirus disease (COVID-19) outbreak, which has spread across the world, a pandemic (“Outbreak”). Minister of Health Fahrettin Koca, confirmed on 11 March 2020 that the first coronavirus case had occurred in Turkey and the Ministry began to take measures to prevent the…
Confidentiality Agreement Confidentiality agreements are signed to protect the valuable information shared between the parties and basically to impose legally binding power in the event of a breach of such a protection. Confidentiality agreements are internationally known as NDA (“Non-Disclosure Agreement”) and the term in Turkish corresponds to “Confidentiality Agreement”. Emergence of new sectors and…
Should my Invention be Protected as a Utility Model or as a Patent? What is invention? The invention comes into life when its expert uses a specific technique which is clearly different from the normally applied state of its technique. It can often be described as “a technical way of solving a technical problem” in…
The Legal Responsibilities of Board Members Can be limited / minimized within the frame work defined in Company Directive The Legal Responsibilities of Board Members Can be limited / minimized within the frame work defined in Company Directive The basic regulation regarding the legal liabilities of the members of the board of directors that may arise from the…
Termination of Partnership Relationship in Limited Liability Companies Pursuant to the Turkish Commercial Code No. 6102 (“TTK”), a partnership relationship in limited liability companies may be terminated (1) by voluntary withdrawal (2) by expulsion upon other shareholders’ request and (3) upon dissolution of the company. I. WITHDRAWAL 1. In General Withdrawal is the…
Main Responsibilities of the Board of Directors in Joint Stock Companies and the Managing Directors in Limited Liability Companies Based on the statistical data annually published by the Union of Chambers and Commodity Exchanges of Turkey (TOBB), limited liability companies and joint stock companies are the top choices in terms of company types. These two…
Recognition and Enforcement of Foreign Court Judgments The legislative, executive and judicial activities carried out by states on their territories are indicative of their sovereignty. States exercise their sovereign rights while respecting the sovereignty of other states. In this respect, a judgment made within the scope of judicial activities of a foreign state must be…