Revocation Of Suretyship Agreement
WITHDRAWAL FROM THE SURETYSHIP AGREEMENT
Revocation of the contract is regulated under Article 599 of the Turkish Code of Obligations. According to the regulation, it is stated that the surety may rescind the contract if it is obvious that the surety will have financial difficulties before the birth of the debt and after the debt is born. However, if the creditor suffers a loss arising from the reliance on the surety contract, the surety is obliged to eliminate this debt.
You can access our other article examples and petition examples by clicking here.

