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.

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 GivingTuesday started in 2012 by the 92nd Street Y, a New York City nonprofit organization dating back to 1874, as part of a partnership with the United Nations Foundation. Wyatte Grantham-philips, USA TODAY, 27 Nov. 2021 This is the second iteration of the partnership between the brand and the agency (known for pairing brands with designers of color), and incorporated the expertise of actual pre-teens. Admin, Essence, 24 Nov. 2021 And the characters’ day-to-day lives — the constant emotional negotiations of siblinghood, parenthood, and other forms of partnership — emerge as the core of a movie that otherwise feels just this side of doing too much. K. Austin Collins, Rolling Stone, 22 Nov. 2021 The raunchy comedy made it into Sundance in 2019 and was sold to Hulu, the start of a partnership with the streaming service. New York Times, 21 Nov. 2021 Glittery Hand Spa is the result of a partnership between Orbeez and popular TikTok influencers Ash and Em. Washington Post, 14 Nov. 2021 The incident comes just days after FAA Administrator Steve Dickson spoke of a partnership between his agency and the FBI to refer the most egregious cases to the bureau for criminal review. Bill Hutchinson, ABC News, 14 Nov. 2021 But there is a good reason to be skeptical of a partnership. Ariel Cohen, Forbes, 12 Nov. 2021 As part of the partnership, bettors will have the chance to interact directly with the Mannings. Lorenzo Reyes, USA TODAY, 10 Nov. 2021

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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Dictionary Entries Near partnership

partners desk

partnership

partnership life insurance

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Statistics for partnership

Last Updated

28 Nov 2021

Cite this Entry

“Partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/partnership. Accessed 1 Dec. 2021.

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More Definitions for partnership

partnership

noun

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

More from Merriam-Webster on partnership

Nglish: Translation of partnership for Spanish Speakers

Britannica English: Translation of partnership for Arabic Speakers

Britannica.com: Encyclopedia article about partnership

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