business partnership
/ˈbɪznəs ˈpɑrtənʃɪp/ · bus.i.ness.part.ne.ership
noun
- An agreement between two or more individuals or organizations to share resources, expertise, and profits in a business venture. The two entrepreneurs formed a business partnership to develop a new software application.
- A relationship between two or more individuals or organizations that share ownership and control of a business. The business partnership between the two companies led to the development of a new product line.
Synonyms
joint venturepartnership agreementbusiness alliancecollaborationcooperationassociationsyndicateconsortium
Antonyms
Did you know? The concept of business partnership has been used in various forms throughout history, including the ancient Roman and Greek partnerships, and the modern-day limited liability partnerships that allow individuals to share risks and profits in a business venture.