Time of Performance and Maturity

Legal Article · 12 November 2026
Av. Thomas Andreas Di Constantinople

Time of performance determines when the creditor may demand performance and when the debtor must provide it. Under Article 90 of the Turkish Code of Obligations, an obligation is due on creation unless otherwise agreed or indicated by the relationship's nature. Contractual maturity, statute, or the transaction's nature may nevertheless require a later date.

Time-bound maturity is calculated under Articles 91 and 92 of the Turkish Code of Obligations. Periods in days, weeks, and months are not calculated identically. End-of-month terms and payment after a specified number of days may have different consequences. The holiday rule in Article 93 must also be considered.

Maturity and default differ. A claim becoming demandable does not always put the debtor in default simultaneously. Notice requirements and exceptions under Article 117 of the Turkish Code of Obligations require separate assessment. Party-fixed maturity, notification dependence, and special provisions particularly affect this distinction.

The debtor may generally perform early, unless terms, nature, or circumstances indicate otherwise. Under Article 96 of the Turkish Code of Obligations, early payment alone creates no discount right. Maturity, early performance, and delay consequences must therefore be treated as separate stages.

Legal Basis: Turkish Code of Obligations No. 6098, Articles 90–96 and 117. Official legislative text.

This article has been prepared for general legal information purposes.