partnership

American  

[pahrt-ner-ship] / ˈpɑrt nərˌʃɪp /

noun

1. the state or condition of being a partner; participation; association; joint interest.

2. Law.

   1. the relation subsisting between partners.

   2. the contract creating this relation.

   3. an association of persons joined as partners in business.

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partnership British  

/ ˈpɑːtnəʃɪp /

noun

1. 1. 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

   2. the deed creating such a relationship

   3. the persons associated in such a relationship

2. the state or condition of being a partner

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partnership Cultural  

1. 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.

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Other Word Forms

• prepartnership noun

Etymology

Origin of partnership

First recorded in 1570–80; partner + -ship

Example Sentences

He said Britain needs to adequately encourage research and development through tax incentives and partnerships with academic institutions.

From The Wall Street Journal

However, the two companies emphasized that their partnership isn’t exclusive and that both companies will continue to work with the broader industry.

From Barron's

Through the partnership, Synopsys “will further accelerate and optimize its broad portfolio of compute-intensive applications spanning chip design, physical verification, molecular simulations, electromagnetic analysis optical simulation and more,” according to a press release.

From MarketWatch

Warner Music subsequently signed a partnership with the company, which will allow users to create AI-generated songs using the voices, names and likenesses of the Warner acts who opt in to the service.

From BBC

While interactions were limited for health reasons, this partnership ensured that the research reflected community priorities and contributed to a fuller understanding of the living heritage of the region.

From Science Daily

Related Words

• assistance
• association
• business
• company
• cooperation
• cooperative
• corporation
• firm
• friendship
• interest
• organization
• ownership
• sharing
• society
• tie up
• union