Noun: partnership 'paa(r)t-nu(r),ship
- A cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal
"effective language learning is a partnership between school, teacher and student"; "the action teams worked in partnership with the government"
- A contract between two or more persons who agree to pool talent and money and share profits or losses
"They formed a partnership to start a new business venture"
- The members of a business venture created by contract
"The law firm was structured as a partnership of senior attorneys"
Derived forms: partnerships
Type of: business, business concern, business organisation [Brit], business organization, concern, contract, human relationship, relationship
Encyclopedia: Partnership