In this system, the initial lump-sum portion of the purchase price is paid at closing simultaneously with the share transfer, whereas the contingent portion of the price becomes due upon the target company achieving some performance goals during the post-closing period. An increase has been observed in use of the earn-out mechanism in share purchase agreements both in Europe and the United States. Given that Turkey follows the trends in Europe and the United States in the field of M&A an in-depth analysis of earn-out clauses is of importance. The purpose of this article is to address the legal issues arising due to the complex structure of earn-out clauses in a comparative manner. In this respect, first the functions and elements of earn-out agreements will be analyzed, and then the rules to be applied to those clauses under Turkish law will be discussed. , Partiarischer Vertrag, Share Purchase Agreement, Share Deal, Mergers and Acquisitions (M&A). I. GIRIS VE KONUNUN TAKDIMI. 1xbet’e carry katılan tüm yeni oyuncular kayıt yoluyla bonus kazanma şansı yakalarlar.
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