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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
Example
The partnership agreement outlines each partner's responsibilities and obligations.
After weeks of negotiations, the two parties finally sealed the business partnership.
In a partnership, both business owners share the financial responsibilities.
The partnership agreement outlines the duties and obligations as between the partners.
A strong partnership rewards mutual respect and compromise.
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