Partnership (Noun)
Meaning 1
A contract between two or more persons who agree to pool talent and money and share profits or losses.
Classification
Nouns denoting communicative processes and contents.
Examples
- The two companies formed a partnership to develop a new product and share the costs and profits.
- The business partnership between the two friends allowed them to split the workload and financial responsibilities.
- After several years of working together, the designers decided to formalize their partnership and start a joint venture.
- The partnership agreement outlined the roles and responsibilities of each partner, as well as the profit-sharing arrangement.
- The restaurant's partnership with a local food supplier helped reduce costs and improve the quality of their menu offerings.
Related Words
Meaning 2
A cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal; "effective language learning is a partnership between school, teacher and student"; "the action teams worked in partnership with the government".
Classification
Nouns denoting relations between people or things or ideas.
Examples
- The city's education department worked in partnership with local businesses to develop vocational training programs for high school students.
- A successful marriage is a partnership that requires mutual respect, trust, and communication between the spouses.
- The company's partnership with a leading tech firm enabled them to develop innovative software solutions for their clients.
- Effective disaster relief efforts often rely on a partnership between government agencies, non-profit organizations, and local communities.
- The school's partnership with the museum allowed students to participate in hands-on art projects and exhibitions.
Hypernyms
Meaning 3
The members of a business venture created by contract.
Classification
Nouns denoting groupings of people or objects.
Examples
- The joint venture marked the beginning of a partnership between the two corporations that would last for decades.
- After years of working together, the founders decided to formalize their collaboration into an official partnership.
- The partnership between the tech startup and the venture capital firm brought in a significant amount of funding and expertise.
- The buyout of the company's shares ended the partnership between the original investors and the new management team.
- A partnership among multiple companies in the industry led to the development of a new standard for sustainable practices.