Common Contracts
1 similar Arbitration Agreement contracts
WHICH PARTIES ARE BOUND BY THE ARBITRATION AGREEMENT UNDER TURKISH LAW?Arbitration Agreement • October 26th, 2023
Under Turkish law, the contracts cannot confer rights or impose obligations upon any person who is not a party to the contract (privity of contracts). And an arbitration agreement – like any other contract – can only produce its effects inter partes, i.e., between the contracting parties. It follows that, as a matter of principle, third parties are neither bound by an arbitration agreement, nor can they rely on it.
