partnership

noun
part·​ner·​ship | \ ˈpärt-nər-ˌship How to pronounce partnership (audio) also ˈpärd- \

Definition of partnership

1 : the state of being a partner : participation scientists working in partnership with each other
2a : a legal relation existing between two or more persons contractually associated as joint principals in a business began a legal partnership with his uncle
b : the persons joined together in a partnership the partnership computes its net income … in a manner similar to that of an individual— J. K. Lasser
3 : a relationship resembling a legal partnership and usually involving close cooperation between parties having specified and joint rights and responsibilities The band has maintained a successful partnership for 10 years.

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Examples of partnership in a Sentence

two people joined in partnership scientists working in partnership with each other The company is developing a new car in partnership with leading auto manufacturers in Japan. Their marriage is a partnership that has remained strong despite family illness. The singing duo has maintained a successful partnership for 20 years. a notable partnership between two experienced scientists in the field He joined the partnership last year.
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Recent Examples on the Web In September, Gavi announced a partnership with the Bill and Melinda Gates Foundation to pay the Serum Institute in advance for 200 million vaccine doses, at a cost of $3 each, to be distributed in developing countries, hopefully in early 2021. Washington Post, "Who will make coronavirus vaccines for the developing world? India holds the key.," 11 Nov. 2020 In an attempt to cut back the amount of time claimants are waiting for their money after the historic increase in claims, the state recently announced a $1.1million partnership with Google Cloud, which will run through Dec. 18. Laura Schulte, Milwaukee Journal Sentinel, "Wisconsin's unemployment backlog leading to feelings of hopelessness, contributing to thoughts of suicide," 11 Nov. 2020 Conservative commentator Dan Bongino announced a partnership with Parler in June, taking an ownership stake in the company, and has been at the forefront of urging others to join him. Emma Colton, Washington Examiner, "'Prepare for the day Twitter silences debate': Conservatives and others are through with Twitter, lay out why they're switching to Parler," 11 Nov. 2020 Peloton Interactive announced a multi-year partnership with celebrity Beyonce Knowles to produce a series of workout for its members. Divya Balji, Fortune, "Peloton teams with Beyoncé to produce new workout series," 10 Nov. 2020 Today, Beyonce and the elite workout conglomerate Peloton have announced a multi-year partnership. Nandi Howard, Essence, "EXCLUSIVE: Beyonce Teams Up With Peloton," 10 Nov. 2020 Last year, Universal Music Group announced a partnership with Wondery to create podcasts based on its song library, labels and roster of artists. al, "Wondery, a podcast powerhouse, faces criminal investigation, ponders sale," 9 Nov. 2020 Last year, Universal Music Group announced a partnership with Wondery to create podcasts based on its song library, labels and roster of artists. Wendy Lee, Los Angeles Times, "Wondery CEO who built a podcasting powerhouse vows to fight federal corruption charges," 9 Nov. 2020 Primary Wave Music Publishing has announced a partnership with singer-songwriter Olivia Newton-John. Chris Eggertsen, Billboard, "The Deals: Tencent Conjures Licensing Renewal With Merlin, Olivia-Newton John Rides Primary Wave," 5 Nov. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'partnership.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of partnership

1576, in the meaning defined at sense 1

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Time Traveler for partnership

Time Traveler

The first known use of partnership was in 1576

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Statistics for partnership

Last Updated

15 Nov 2020

Cite this Entry

“Partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/partnership. Accessed 2 Dec. 2020.

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More Definitions for partnership

partnership

noun
How to pronounce partnership (audio)

English Language Learners Definition of partnership

: the state of being partners
: a relationship between partners
: a business that is owned by partners

partnership

noun
part·​ner·​ship | \ ˈpärt-nər-ˌship How to pronounce partnership (audio) \

Kids Definition of partnership

: an arrangement in which people engage in an activity or business with one another or share something with each other

partnership

noun
part·​ner·​ship

Legal Definition of partnership

: an association of two or more persons or entities that conduct a business for profit as co-owners — see also Uniform Partnership Act — compare corporation, joint venture, sole proprietorship

Note: Except in civil law as practiced in Louisiana, where a partnership, like a corporation, is considered a legal person, a partnership is traditionally viewed as an association of individuals rather than as an entity with a separate and independent existence. A partnership cannot exist beyond the lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each partner is viewed as the other's agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners.

commercial partnership
: trading partnership in this entry
family limited partnership
: a limited partnership in which the partners are members of a family
family partnership
: a partnership in which the partners are members of a family
general partnership
: a partnership in which each partner is liable for all partnership debts and obligations in full regardless of the amount of the individual partner's capital contribution — compare limited partnership in this entry
limited liability partnership
: a partnership formed under applicable state statute in which the partnership is liable as an entity for debts and obligations and the partners are not liable personally
limited partnership
: a partnership in which the business is managed by one or more general partners and is provided with capital by limited partners who do not participate in management but who share in profits and whose individual liability is limited to the amount of their respective capital contributions — compare general partnership in this entry
master limited partnership
: a limited partnership that offers interests for sale on the market also : the interests themselves sold as securities
mining partnership
: a partnership in which two or more persons jointly own a mining claim and actually engage in extracting minerals with the purpose of sharing profits and losses
nontrading partnership
: a partnership that is not engaged in the buying and selling of goods

called also non-commercial partnership

— compare trading partnership in this entry
partnership at will
: a partnership whose duration is not fixed by contract and that is terminable at will by any partner
partnership by estoppel
: a partnership created by operation of law when a defendant by words or conduct represents himself or herself to the plaintiff or to the public as a partner and the plaintiff relies on the representation to his or her detriment
partnership in commendam
in the civil law of Louisiana : limited partnership in this entry
trading partnership
: a partnership whose business involves the buying and selling of goods

called also commercial partnership

— compare nontrading partnership in this entry

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