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In this article, I will examine the exclusive distributorship agreements and distributor’s termination compensation (also known as, indemnity for clientele, portfolio indemnification, goodwill indemnity/compensation or counterbalancing demand) by considering similar agreements according to the recent Turkish Commercial Code (DTCC) and also by taking the concerning provisions of the Draft Turkish Commercial Code into account.
By Ömer Faruk Tutuncuoglu
A Letter of Credit is a payment term mostly used for long-distance and international commercial transactions.