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English definition of “partnership”

partnership

noun
 
 
/ˈpɑːtnəʃɪp/ WORKPLACE, FINANCE
[C or U] an agreement between organizations, people, etc. to work together: a partnership between sb/sth and sb/sth The government is promoting a partnership between the state and the private sector. a partnership with sb/sth The Symphony has announced a new partnership with the Seattle Young Artists Festival. build/develop/form a partnership The company has formed a partnership with a US marketing firm to try to break into that market. in partnership with sb/sth The university works in partnership with several local businesses.a partnership of sth The program is a local partnership of groups helping elementary students begin preparing for college. They have signed a strategic partnership agreement with a leading mobile operator.go/enter into a partnership He has entered into a business partnership with his former boss.
[C] a company which is owned by two or more people: set up/establish/found a partnership The partnership he jointly founded, is emerging as one of the leading headhunters for senior board appointments. → See also deed of partnership, general partnership, limited partnership, public-private partnership
(Definition of partnership from the Cambridge Business English Dictionary © Cambridge University Press)
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