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partnership
[ pahrt-ner-ship ]
noun
- the state or condition of being a partner; participation; association; joint interest.
- Law.
- the relation subsisting between partners.
- the contract creating this relation.
- an association of persons joined as partners in business.
partnership
/ ˈɑːٲəʃɪ /
noun
- a contractual relationship between two or more persons carrying on a joint business venture with a view to profit, each incurring liability for losses and the right to share in the profits
- the deed creating such a relationship
- the persons associated in such a relationship
- the state or condition of being a partner
partnership
- An association of two or more persons to conduct a business. In contrast to a corporation , those who engage in a partnership are liable for debts incurred by the company to the full extent of their private fortunes rather than merely to the extent of their investment .
Other Word Forms
- ·貹n· noun
Word History and Origins
Origin of partnership1
Example Sentences
The pair were in a long-term relationship and a year before their death, had entered into a civil partnership together, the prosecution told the Jury.
He’s hosted a Shaq Summit for several years to corral representatives from all of his brands and partnerships into one room for strategic planning.
"We'll have a partnership on our terms. There's a win-win possibility there, but on our terms, not on their terms," he said.
"There is a partnership to be had, an economic and security partnership," he said.
In his speech on Tuesday, Carney vowed new "trade and energy corridors working in partnership with the provinces, territories, and Indigenous peoples".
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