An Exclusive Distribution Agreement is a contract between a distributor and a manufacturer/vendor that authorize the distributor to sell the subject of the contract exclusively in a territory. As a matter of course, exclusive distributor is obliged not to compete with the manufacturer during the contract period. On the other hand, manufacturers usually stipulate non-compete clauses for post contract period in the exclusive distribution
Ordinary merger transactions in Turkey require various steps to be completed in terms of legal procedures. A simplified merger could be defined as a shortcut for completing merger transactions in an easier and shorter way without long procedures of the merger transaction. Who Benefits from Simplified Merger? Turkish Commercial Code numbered 6102 (“TCC”) limits the type of companies that could be subject to Simplified
Article 4 of the Act № 4054 on the Protection of Competition prohibits “the agreements and concerted practices between undertakings, and decisions and practices of associations of undertakings which have as their object or effect or likely effect the prevention, distortion or restriction of competition directly or indirectly in a particular market for goods or services”. In the investigations carried out by the Turkish