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partnership
[ pahrt-ner-ship ]
noun
- the state or condition of being a partner; participation; association; joint interest.
- Law.
- the relation subsisting between partners.
- the contract creating this relation.
- an association of persons joined as partners in business.
partnership
/ ˈɑːٲəʃɪ /
noun
- 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
- the deed creating such a relationship
- the persons associated in such a relationship
- the state or condition of being a partner
partnership
- 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 .
Other 51Թ Forms
- ·貹n· noun
51Թ History and Origins
Origin of partnership1
Example Sentences
It said the chief nursing officer had commissioned the PHA to work in partnership with the Education Authority and other organisations to undertake a comprehensive needs assessment.
“What he does is not easy and he’s been able to come up with results time and time again. … Arguably, it’s the strongest racing partnership going today.”
Despite calling it a "partnership in power" since Labour won the general election last year, the relationship between UK Labour and Welsh Labour politicians has not always been easy.
The partnership will be equal, on a 50/50 basis, she says, adding that the agreement includes no debt obligation to the US.
The pair were in a long-term relationship and a year before their death, had entered into a civil partnership together, the prosecution told the Jury.
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