Can the partners of company request a fee for the royalty (right for company name) when they leave the partnership? (In Turkey)
One of the joint-stock company partners is leaving the partnership. The company that the partner leaves, has a well-recognized name in the market, so the partner requests a fee for the loyalty (name right). The company’s name has not been registered. Another established company can take this name. Can the partner who leaves, request such a fee?
The partner can request it. However, it is debated whether it is mandatory to pay this fee or not. If there is no agreement, it will be submitted to the court. According to the defense in the court, the court will decide.
Source: İSMMMO
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