Kids Definition partnership noun part·ner·ship ˈpärt-nər-ˌship 1 : the state of being a partner 2 : a business organization owned by two or more persons who agree to share the profits and losses Legal Definition partnership noun part·ner·ship : an...
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Define partnership. partnership synonyms, partnership pronunciation, partnership translation, English dictionary definition of partnership. n. 1. The state of being a partner. 2. a. A business entity in which two or more co-owners contribute resources, s
From the statutory definition of partnership, the essential elements of partnership can be understood as "Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. persons There should be at least two...
[countable, uncountable] a relationship between two people, organizations, etc.; the state of having this relationship Marriage should be an equal partnership. partnership with somebody/something the school’s partnership with parents partnership between A and B a partnership between the United States ...
The definition of a partnership isa relationship between two or more individuals. An example of a partnership is two businesses working together. An example of a partnership is a marriage. What does partnership mean in business? A partnership isa business shared by multiple owners. It's not a ...
- strategic partnership will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship. Strategic partnerships can take...- The Guinness Partnership is one of the largest providers of affordable housing and care in England. Founded as a charitable trust in 1890,...
A definition of the term partnership is presented. It refers to the relationship which exists between persons carrying on business in common with a view to profit. The Limited Partnership Act 1907 allows a partnership to contain one or more partners with limited liability so long as there is ...
a change in the relationship between the partners. Accordingly, if a partner resigns or if a partnership expels a partner, the partnership is considered legally dissolved. Other causes of dissolution are theBankruptcyor death of a partner, an agreement of all partners to dissolve, or an event ...
Definition of Partnership agreement in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Partnership agreement? Meaning of Partnership agreement as a legal term. What does Partnership agreement mean in law?