What is Partnership?

A definition of Partnership

“A partnership is a legal arrangement where two or more parties agree to cooperate for mutual benefit, sharing risks and rewards. It typically involves a business venture where partners share management, profits, and liabilities.”

Partnership in Business Glossary - What is a Partnership?

Business Glossary > What is Partnership?


Examples of Partnership in a Sentence:

The partnership between the two companies resulted in increased market share.

A strong partnership requires mutual trust and clear communication.

They formed a partnership to develop new technologies.

Why is Partnership Important in Business?

Understanding partnerships is crucial for businesses aiming to combine resources and expertise to gain competitive advantage. Successful partnerships can lead to shared resources, reduced risks, and increased innovation, driving growth and success for all parties involved.

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Associated Terms

Here are some associated business terms and synonyms for “Partnership”:

  • Alliance
  • Joint Venture
  • Collaboration

Google and NASA Partnership

Google partnered with NASA to advance research in quantum computing. This partnership allows both organizations to leverage each other’s strengths—NASA’s scientific expertise and Google’s computational power—leading to potential breakthroughs in the field.

Final Notes on Partnership

When considering a partnership, assess the potential partner’s values, goals, and resources to ensure alignment. Effective partnerships can lead to shared success, provided there is mutual trust and clear objectives.


This has been a definition of Partnership meaning.

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