Common Contracts
1 similar Mutual Rescission Agreement contracts
Kuzey YMM ve Bağımsız Denetim A.Ş.Mutual Rescission Agreement • September 17th, 2020
Mutual rescission agreements are not explicitly regulated in the Labour Law no. 4857. This opportunity is accepted within the context of freedom of contract both in judicial decisions and in the doctrinal disciplines. The principle of freedom of contract that is based on the Constitution gives the parties the power to form a contract, determine its content and terminate the contract. In this regard, the employment contract, whether fixed-term or indefinite-term, can also be terminated upon the agreement of the employee and the employer. This agreement on the termination of the employment contract is called a mutual rescission.
