partnership

[part·ner·ship]

What do Lewis and Clark, Bonnie and Clyde, and Ben and Jerry have in common? They all formed partnerships cooperative relationships where they worked as a team to reach a goal, whether it was robbing banks or inventing Cherry Garcia.

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The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state.

Noun
a contract between two or more persons who agree to pool talent and money and share profits or losses

Noun
the members of a business venture created by contract


n.
The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state.

n.
A division or sharing among partners; joint possession or interest.

n.
An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership.

n.
A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure.

n.
See Fellowship, n., 6.


Partnership

Part"ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. 2. A division or sharing among partners; joint possession or interest.
Rome, that ne'er knew three lordly heads before, First fell by fatal partnership of power.
He does possession keep, And is too wise to hazard partnership.
3. An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership. 4. (Law) A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure. Kent. Story. &hand; Community of profit is absolutely essential to, though not necessary the test of, a partnership. 5. (Arith.) See Fellowship, n., 6. Limited partnership, a form of partnership in which the firm consists of one or more general partners, jointly and severally responsible as ordinary partners, and one or more special partners, who are not liable for the debts of the partnership beyond the amount of cash they contribute as capital. -- Partnership in commendam, the title given to the limited partnership (F. soci'82t'82 en commandit'82) of the French law, introduced into the code of Louisiana. Burrill. -- Silent partnership, the relation of partnership sustained by a person who furnishes capital only.

The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state.

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Usage Examples

I'm overly excited to finally announce this amazing global partnership deal back home with EMI Music. I know I have mentioned doing music in the past but for legal reasons I was not in a position to release any new music.

All married couples should learn the art of battle as they should learn the art of making love. Good battle is objective and honest - never vicious or cruel. Good battle is healthy and constructive, and brings to a marriage the principles of equal partnership.

Friendship is essentially a partnership.

And we want to develop our strategy to partnership and friendship with the United States, which is connected with a very rich history but what is very important for our future.

I think long-lasting, healthy relationships are more important than the idea of marriage. At the root of every successful marriage is a strong partnership.

I would like to promote the concept of a partnership of insurance companies, physicians and hospitals in deploying a basic framework for an electronic medical records system that is affordable.

Bill Hanna and I owe an awful lot to television, but we both got our start and built the first phase of our partnership in the movies.

Misspelled Form

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Other Usage Examples

And humility in politics means accepting that one party doesn't have all the answers recognising that working in partnership is progress not treachery.

Financial institutions, the corporate world and civil society - all must uphold high standards of probity in their working. Only a genuine partnership between the Government and its people can bring about positive change to create a just society.

EA SPORTS has a strong partnership with adidas and through this relationship they approached adidas about using some of their top players from around the world.

All who think cannot but see there is a sanction like that of religion which binds us in partnership in the serious work of the world.

But the Western countries that link their partnership with the poorest countries with respect for democracy also have to consider that they have obligations towards these countries.

A fact never went into partnership with a miracle. Truth scorns the assistance of wonders. A fact will fit every other fact in the universe, and that is how you can tell whether it is or is not a fact. A lie will not fit anything except another lie.

A man who graduated high in his class at Yale Law School and made partnership in a top law firm would be celebrated. A man who invested wisely would be admired, but a woman who accomplishes this is treated with suspicion.

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