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 […]
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 […]
Your responsibilities to your customers as a data processor
The Turkish Data Protection Law defines a data controller as “the natural or legal person who determines the purposes and means of processing personal data and is responsible for the establishment and management of the data filing system”. According to the guidelines that the Turkish Data Protection Board has published on its website, “data processors […]
Accredited Angel Investors
Did you know that in total 357 angel investors have been accredited since 2013 in Turkey? It is a fact that the enterprises at their start up stages encounter difficulties to access the financing they need and this is why they seek contributions of angel investors. A new system called Individual Participation System (IPA) to […]
Borsa İstanbul Private Market
Private market is a market that enables share purchase and sales between companies, qualified investors and angel investors without a public offer through a web platform (www.bistozelpazar.com). One of the main objectives of the Private Market is to support development of entrepreneruial ecosystem and investment environment. Transactions conducted in the Private Market are governed by the Turkish […]
Letter of Intent
Once start-ups seek investment, the first document they are confronted with is a letter of intent (“LoI”). [1] If negotiations go as planned, a share purchase agreement or share subscription agreement and a shareholder agreement are signed. The scope of this article will be limited to the Letter of Intent. Letter of intent can be […]
