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
The penalty clause in the 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 payment of the right or other payment documents containing. The release statement shall be deemed as receipts limited. To the amount they contain. Even in this case. The payments must be 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 the 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. Declaring that he/she has received all receivables such as general leave, severance. Pay from the employer and that he/she has no remaining receivables.
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