Partnership definition: Copy, customize, and use instantly
Introduction
The term "Partnership" refers to a formal arrangement between two or more parties to operate a business or engage in activities for mutual benefit. It establishes the terms under which the partners collaborate, share profits, and assume joint responsibility for the business. Defining "Partnership" is crucial for clarifying the roles, rights, and obligations of each partner.
Below are various examples of how "Partnership" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Partnership" as a business relationship
This definition ties "Partnership" to a formal business relationship where the parties agree to share profits, losses, and management responsibilities.
"Partnership" means a legal business arrangement between two or more parties who agree to carry on a business together, sharing profits, losses, and management responsibilities.
Definition of "Partnership" as a joint venture
This definition connects "Partnership" to a temporary or project-based collaboration for a specific purpose.
"Partnership" refers to a joint venture where two or more parties collaborate on a specific project or business activity for a defined period and purpose, sharing risks and rewards.
Definition of "Partnership" as a limited partnership
This definition links "Partnership" to a partnership where liability and responsibility are divided between general and limited partners.
"Partnership" means a limited partnership where one or more partners have full liability and management responsibility, while others have limited liability and no active role in management.
Definition of "Partnership" as a partnership for profit
This definition applies "Partnership" to a business arrangement where the purpose is to generate profit.
"Partnership" refers to a business entity formed for the primary purpose of generating profits, with the partners sharing in the income and losses.
Definition of "Partnership" as a professional partnership
This definition ties "Partnership" to a collaboration between professionals in a particular field, such as law or medicine.
"Partnership" means a business arrangement between professionals in a specific field, such as law, medicine, or accounting, where partners share in the practice's income and responsibilities.
Definition of "Partnership" as a general partnership
This definition connects "Partnership" to a partnership where all partners are equally responsible for managing the business and sharing liabilities.
"Partnership" refers to a general partnership where all partners share equal responsibility for managing the business and assume joint liability for its debts and obligations.
Definition of "Partnership" as a strategic alliance
This definition links "Partnership" to a collaborative relationship between companies or organizations for mutual benefit.
"Partnership" means a strategic alliance between two or more entities that agree to collaborate for mutual benefit, typically without forming a new legal entity, focusing on shared goals and resources.
Definition of "Partnership" as a partnership agreement
This definition applies "Partnership" to a formal agreement that defines the terms and conditions of the partnership.
"Partnership" refers to the formal agreement between two or more parties that outlines the terms, conditions, and responsibilities of each partner in the business venture.
Definition of "Partnership" as a community partnership
This definition ties "Partnership" to a collaboration between organizations and community members for shared goals.
"Partnership" means a collaboration between community organizations, businesses, and individuals to achieve common social, economic, or environmental objectives.
Definition of "Partnership" as a partnership in research
This definition connects "Partnership" to an academic or scientific collaboration between institutions or researchers.
"Partnership" refers to a collaborative relationship between research institutions, universities, or individual researchers working together on scientific or academic projects.
Definition of "Partnership" as a cross-border partnership
This definition links "Partnership" to a collaboration between businesses or entities located in different countries.
"Partnership" means a business or professional relationship between parties located in different countries, formed to pursue cross-border activities and opportunities.
Definition of "Partnership" as a non-profit partnership
This definition applies "Partnership" to an arrangement where non-profit organizations collaborate to achieve shared goals.
"Partnership" refers to a non-profit collaboration where organizations join forces to address a common cause or objective, sharing resources and expertise.
Definition of "Partnership" as a family partnership
This definition ties "Partnership" to a collaboration between family members to operate a family business or investment.
"Partnership" means a business arrangement where family members work together to manage a family-owned business or investment, sharing both responsibilities and profits.
Definition of "Partnership" as a partnership for research and development
This definition connects "Partnership" to an arrangement focused on the development of new products or technologies.
"Partnership" refers to an agreement between entities to collaborate on research and development (R&D) efforts, sharing intellectual property, resources, and financial risks.
Definition of "Partnership" as an intellectual property partnership
This definition links "Partnership" to a collaboration centered around intellectual property creation or exploitation.
"Partnership" means a partnership formed specifically for the purpose of creating, protecting, or commercializing intellectual property, with each partner contributing resources or expertise.
Definition of "Partnership" as a profit-sharing partnership
This definition applies "Partnership" to a business where profits are shared according to a predefined agreement.
"Partnership" refers to a business arrangement where two or more parties agree to share profits and losses based on the terms outlined in the partnership agreement.
Definition of "Partnership" as a cooperative partnership
This definition ties "Partnership" to an agreement based on cooperation and mutual support rather than competition.
"Partnership" means a cooperative business relationship where the partners work together to achieve shared objectives, often in industries where collaboration is key to success.
Definition of "Partnership" as a partnership for joint marketing
This definition connects "Partnership" to a marketing collaboration where businesses promote each other’s products or services.
"Partnership" refers to a joint marketing arrangement between two or more businesses, aimed at leveraging mutual resources to promote and sell products or services.
Definition of "Partnership" as a partnership for financing
This definition links "Partnership" to a collaborative arrangement to provide financial support or investment.
"Partnership" means a business or financial arrangement where entities come together to provide financial support or investment for a specific project or business initiative.
Definition of "Partnership" as an educational partnership
This definition applies "Partnership" to an arrangement between educational institutions or organizations to share resources or expertise.
"Partnership" refers to a collaboration between educational institutions, such as universities or schools, to share academic resources, research, or educational programs.
Definition of "Partnership" as an equity partnership
This definition ties "Partnership" to an arrangement where partners contribute equity capital in exchange for ownership and a share of the business’s profits.
"Partnership" means an arrangement where partners contribute equity to a business and receive ownership interests in return, sharing in the business’s profits and losses.
Definition of "Partnership" as a cooperative business venture
This definition ties "Partnership" to a collaborative business venture where two or more parties combine efforts for mutual benefit.
"Partnership" means a cooperative business venture between two or more parties who pool their resources and expertise to operate a business and share in the risks and rewards.
Definition of "Partnership" as a cross-industry partnership
This definition connects "Partnership" to a collaboration between entities from different industries to achieve shared goals.
"Partnership" refers to a strategic collaboration between businesses from different industries that combine their expertise to create new products, services, or business opportunities.
Definition of "Partnership" as a partnership for social impact
This definition links "Partnership" to a collaboration aimed at creating social, environmental, or community-based impact.
"Partnership" means a partnership formed to achieve positive social or environmental outcomes, with each partner contributing resources, expertise, or funding.
Definition of "Partnership" as a long-term strategic partnership
This definition applies "Partnership" to an ongoing collaboration intended to last for an extended period, typically with long-term objectives.
"Partnership" refers to a long-term, strategic business relationship between two or more parties that work together to achieve mutually beneficial long-term goals.
Definition of "Partnership" as a minority partnership
This definition ties "Partnership" to a collaboration where one partner holds a minority stake or less influence in the business.
"Partnership" means a business arrangement in which one party holds a minority stake, with limited control over the management or decision-making processes of the venture.
Definition of "Partnership" as a service-based partnership
This definition connects "Partnership" to a collaboration where partners offer specific services to a shared client base.
"Partnership" refers to a business arrangement where two or more parties provide complementary services to a shared customer or client, typically under a joint service agreement.
Definition of "Partnership" as a non-equity partnership
This definition links "Partnership" to an arrangement where partners collaborate without exchanging equity ownership in the business.
"Partnership" means a business relationship where partners share resources, knowledge, or efforts but do not exchange equity ownership or financial interest in the business.
Definition of "Partnership" as a financial partnership
This definition applies "Partnership" to an arrangement where the primary purpose is to pool financial resources for investment purposes.
"Partnership" refers to a financial arrangement where multiple entities or individuals pool capital to invest in assets, with profits and risks shared based on the partnership agreement.
Definition of "Partnership" as a sponsorship partnership
This definition ties "Partnership" to a collaboration where one party provides financial or material support to another, typically in exchange for promotional opportunities.
"Partnership" means a sponsorship arrangement where one party provides financial support, goods, or services to another in exchange for branding or promotional opportunities.
Definition of "Partnership" as a technology partnership
This definition connects "Partnership" to a collaboration where parties work together to develop or deploy technology solutions.
"Partnership" refers to a business arrangement where two or more entities collaborate on the development, implementation, or commercialization of technology products or services.
Definition of "Partnership" as a supply chain partnership
This definition links "Partnership" to a cooperative business relationship within a supply chain, focusing on mutual benefit and efficiency.
"Partnership" means a supply chain collaboration between suppliers, manufacturers, and distributors to optimize operations, reduce costs, and improve product delivery.
Definition of "Partnership" as a marketing and sales partnership
This definition applies "Partnership" to a relationship where entities combine efforts for joint marketing and sales efforts.
"Partnership" refers to a marketing and sales collaboration where two or more businesses work together to promote and sell products or services, often sharing leads and marketing resources.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.