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 This report marks a second in a series from the USC Annenberg Inclusion Initiative, Dr. Stacy L. Smith and in partnership with Eva Longoria’s UnbeliEVAble Entertainment and Mauricio Mota’s Wise Entertainment. Clayton Davis, Variety, 15 Sep. 2021 Cortina hosted the 1956 Winter Olympics and in partnership with Milan will reprise that role in 2026, assuring the town and region a much higher profile in coming years - get ahead of the crowds! Larry Olmsted, Forbes, 15 Sep. 2021 Black women are starting to put their wellness first, and Shea Moisture in partnership with BROWN GIRL Jane is making sure they are supported in their self-care journey. Jasmine Browley, Essence, 14 Sep. 2021 Miami-Dade’s Aviation Department is hosting the program in partnership with the Global Forensic and Justice Center (GFJC), Florida International University (FIU) and American Airlines. Demetrius Simms, Robb Report, 14 Sep. 2021 On Tuesday, Forbes, in partnership with Mika Brzezinski’s Know Your Value, released its 50 Over 50: Investment list. NBC News, 14 Sep. 2021 In partnership with Frontline, The Salt Lake Tribune breaks down Utah police shootings by the victims’ race and ethnicities. The Salt Lake Tribune, 14 Sep. 2021 That’s why Fortune recently launched The Modern Board, in partnership with board software company Diligent—to focus on the board’s changing role. David Meyer, Fortune, 14 Sep. 2021 The second channel, FTV, was created in partnership with film collective Ummah Chroma and Random Acts of Flyness director Terence Nance. Shelby Ying Hyde, Harper's BAZAAR, 13 Sep. 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

17 Sep 2021

Cite this Entry

“Partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/partnership. Accessed 23 Sep. 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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