Meaning of “joint partnership” in the English Dictionary

"joint partnership" in Business English

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joint partnershipnoun

uk us

[ C ] COMMERCE, MANAGEMENT →  joint venture

[ U ] LAW, MANAGEMENT the fact of owning something together with another person, organization, etc., or of doing something with someone else or with another organization:

The properties are owned in joint partnership with other members of the family.
Between five and ten projects a year have been organized in joint partnership with other similar associations.

(Definition of “joint partnership” from the Cambridge Business English Dictionary © Cambridge University Press)