There is no doubt that gaining access to investment is crucial for startups, but equally vital is accessing it swiftly. In investment rounds, parties must agree on both the company’s valuation and lengthy investment agreements, which often prolongs the process. Valuing startups, particularly in their early stages, is challenging, yet determining the company’s value is […]
What is the Difference between the Premium Share Price Paid by the Investor and the Nominal Value of a Share and How is it Calculated?
The initial capital of a company denotes the total amount invested in the company at the time of its incorporation. In Turkey, the minimum capital required to establish a joint-stock company (Anonim Şirket) is TL 250,000. This initial capital is divided into shares, which are then allocated to the founding shareholders in proportion to the […]
Artificial Intelligence-Based Services and Security of Company Data
While we talk about the many benefits of AI technology, we should not ignore the data protection and privacy concerns raised by services that use this technology. After all, artificial intelligence is a technology that feeds on the data provided by users and constantly trains itself. Chatbots, which are very popular nowadays, use the content […]
Best Practices For Clickwrap Agreements
Clickwrap agreements are online agreements where users agree to the terms by clicking a button. Clicking a button expressing consent is deemed to be acceptance of the terms of the agreement. The most common examples of clickwrap agreements are website terms of use of websites and end-user licences for Services as a Software (SAAS) and […]
Tips on Software as a Service (SAAS) Contracts
Software as a service (SAAS) contracts are different than regular ordinary service agreements or license agreements. To put it simply, software license agreements allow the buyers to copy the software on their devices whereas SAAS contracts allow the users to access the software via a web browser and benefit from it as a service during […]
E-Commerce and the New Commercial Electronic Message Management System Under Turkish Law
What is a commercial electronic message? Regulation on the Commercial Communication and Commercial Electronic Messages published in the Official Gazette dated 15 July 2015 defines commercial electronic messages as “messages with data, voice and image contents which are electronically sent for commercial purposes by using vehicles such as telephone, call centers, fax, automated call systems, […]
