Definition of Partnership - BrainyQuote Mobile

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Definition of Partnership

Partnership

The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state.

A division or sharing among partners; joint possession or interest.

An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership.

A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure.

See Fellowship, n., 6.

Related Definitions:

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Partnership Quotations

All who think cannot but see there is a sanction like that of religion which binds us in partnership in the serious work of the world.
Benjamin Franklin

Friendship is essentially a partnership.
Aristotle

It is explained that all relationships require a little give and take. This is untrue. Any partnership demands that we give and give and give and at the last, as we flop into our graves exhausted, we are told that we didn't give enough.
Quentin Crisp

All married couples should learn the art of battle as they should learn the art of making love. Good battle is objective and honest - never vicious or cruel. Good battle is healthy and constructive, and brings to a marriage the principles of equal partnership.
Ann Landers

A man who graduated high in his class at Yale Law School and made partnership in a top law firm would be celebrated. A man who invested wisely would be admired, but a woman who accomplishes this is treated with suspicion.
Barbra Streisand

Partnership Translations

partnership in German is Partnerschaft

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