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Partnership
01
a formal arrangement where two or more individuals, organizations, etc. come together as partners to achieve a goal, typically in business
02
the state or fact of being partners in a business
03
a specific type of business entity where ownership is shared by two or more individuals or organizations
partnership
n
partner
n
copartnership
n
copartnership
n
Example
The university established a partnership with international institutions to promote academic exchange programs and collaborative research efforts.
The nonprofit organization entered into a partnership with local businesses to fund community development projects.
As part of the partnership, both parties agreed to pool resources and collaborate on research and development initiatives.
The new venture was formed through a strategic partnership between two leading companies in the industry.
The partnership agreement outlines each partner's responsibilities and obligations.
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