What is a Release?
First of all, it should be noted that the regulation regarding the release is included in the Turkish Code of Obligations numbered 6098. Article 420 of the Turkish Code of Obligations includes the subject of the release and the relevant article is given below.
Turkish Code of Obligations Article 420
A penalty clause in service contracts only against the employee is invalid.
The release agreement regarding the employee’s receivables from the employer must be in writing, at least one month must have elapsed since the termination of the contract as of the date of the release, the type and amount of the receivable subject to the release must be clearly stated, and the payment must be made in full compared to the amount of the right and through a bank. Release agreements or releases that do not have these elements are absolutely null and void.
Release agreements that do not contain the actual amount of the payment of the right or other payment documents containing the statement of release shall be deemed as receipts limited to the amount they contain. Even in this case, the payments must have been made through a bank.
The provisions of the second and third paragraphs shall also apply to all compensation receivables arising out of the employment contract, including those that may be claimed by those deprived of support and other relatives of the employee.
Based on the above-mentioned article of the law, we can define a release as the waiver of the receivable by the creditor. In other words, a release is a document signed by the employee who leaves the job or whose employment contract is terminated and declares that he/she has received all receivables from the employer, such as general leave, severance pay, and that he/she does not have any remaining receivables.
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