Law of Obligations
Law of Obligations: The law of obligations, which is actually an integral part of civil law, is a sub-branch of private law that regulates debt relations between individuals. It is a branch of private law that deals with the relationship established between the state or individuals and the resolution of disputes that arise.
Scope of the Law of Obligations
The law of obligations has a broad field covering different debt relations:
- Contract Law: The validity, terms and conditions of contracts between the parties.
- Obligations Arising from Torts: Compensation obligations arising as a result of an unlawful and damaging act of a person.
- Unjust Enrichment: Legal liabilities arising when a person gains property or money at the expense of another person without just cause.
Functioning of the Law of Obligations
Debt relations may arise for various reasons and are subject to legal regulations:
- Creation of a Debt Relationship: A debt relationship arises due to causes such as contract, tort or unjust enrichment.
- Execution of Debts: The debtor is obliged to fulfill its obligations in accordance with the law.
- Termination of Debts: The debt relationship ends due to reasons such as payment of the debt, impossibility of performance, statute of limitations.
- Liability and Compensation: In case of non-fulfillment of the debt, legal sanctions and compensation processes come into play.
Importance of the Law of Obligations
- Provides Assurance for Individuals and Companies: It creates a secure environment by regulating economic and legal relations between the parties.
- Ensures the Continuity of Commercial Life: Supports economic stability by ensuring that commercial contracts are protected within the legal framework.
- Determines Rights and Obligations: It clearly sets out how and under what conditions the parties will fulfill their obligations.
- Provides Dispute Resolution: Resolves disputes arising from debt relations by legal means.
The law of obligations is an important branch of law that determines the legal relations of individuals and businesses and helps to ensure a fair and secure economic order.
Law of Obligations - Question & Answer
Material and moral damages can arise from many legal situations such as breaches of contract arising from the law of obligations, traffic accidents, work accidents, malpractice (doctor's error) and divorce. These lawsuits are filed in order to compensate the damages suffered by the victims.
Real estate lawsuits cover all major disputes related to the right of ownership, such as cancellation and registration of title deeds, dissolution of partnership (izale-i şuyu), title deed transfer transactions due to collusion, compensation for occupation (ecrimisil), prevention of interference, pre-emption and title deed lawsuits arising from zoning applications.
Within the scope of the Code of Obligations, legal solutions are provided in many areas such as torts, disputes arising from contracts, insurance disputes, disputes arising from lease agreements. In this context, solutions are offered to protect the rights of individuals.
Within the scope of the Law of Obligations, legal support is provided in cases such as material and moral damages, breach of contract, traffic accidents, injury or death as a result of work accidents. We also offer solutions on various issues such as labor law and malpractice lawsuits.