partnership
part
ˈpɑrt
paart
ner
nɜr
nēr
ship
ˌʃɪp
ship
British pronunciation
/pˈɑːtnəʃˌɪp/

Definition & Meaning of "partnership"in English

Partnership
01

a formal arrangement where two or more individuals, organizations, etc. come together as partners to achieve a goal, typically in business

partnership definition and meaning
example
Examples
The new venture was formed through a strategic partnership between two leading companies in the industry.
The nonprofit organization entered into a partnership with local businesses to fund community development projects.
02

the state or fact of being partners in a business

example
Examples
Their successful partnership was built on trust, mutual respect, and a shared vision for innovation.
His successful career in finance led to his partnership in a prestigious investment firm.
03

a specific type of business entity where ownership is shared by two or more individuals or organizations

example
Examples
The Smith and Sons Partnership specializes in architectural design and construction.
The Taylor & Clarke Partnership is renowned for its innovative approach to sustainable agriculture.
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