Lexic.us

Definition of Partnership

1. Noun. The members of a business venture created by contract.

2. Noun. A cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal. "The action teams worked in partnership with the government"

3. Noun. A contract between two or more persons who agree to pool talent and money and share profits or losses.

Definition of Partnership

1. n. 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.

Definition of Partnership

1. Noun. the state of being associated with a partner ¹

2. Noun. an association of two or more people to conduct a business ¹

3. Noun. (cricket) the period when two specific batsmen are batting, from the fall of one wicket until the fall of the next; the number of runs scored during this period ¹

¹ Source: wiktionary.com

Definition of Partnership

1. [n -S]

Medical Definition of Partnership

1. 1. 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. 2. A division or sharing among partners; joint possession or interest. "Rome, that ne'er knew three lordly heads before, First fell by fatal partnership of power." (Rowe) "He does possession keep, And is too wise to hazard partnership." (Dryden) 3. 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. 4. A contract between two or more competent persons for joining together their money, goods, labour, 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. Community of profit is absolutely essential to, though not necessary the test of, a partnership. 5. See Fellowship. Limited partnership, a form of partnership in which the firm consists of one or more general partners, jointly and severally responsible as ordinary partners, and one or more special partners, who are not liable for the debts of the partnership beyond the amount of cash they contribute as capital. Partnership in commendam, the title given to the limited partnership (F. Societe en commandite) of the French law, introduced into the code of Louisiana. Silent partnership, the relation of partnership sustained by a person who furnishes capital only. Source: Websters Dictionary (01 Mar 1998)

Partnership Pictures

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Lexicographical Neighbors of Partnership

partizanships partless partlets partly partner partner in crime partner off partner relation partnerdom partnered

partnering partnerless partners partners in crime partnership (current term) partnership certificate partnership practice partnerships partocracies partocracy

partocratic partogram partograms parton partonic partons partook partridge partridge pea

Literary usage of Partnership

Below you will find example usage of this term as found in modern and/or classical literature:

1. The Encyclopedia Americana: A Library of Universal Knowledge (1919)
"In entering into a contract of partnership all the general rules ... In many jurisdictions it is held that a partnership, the object of which is to own or ..."

2. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1919)
"The Issue raised by the pleadings was partnership or no partnership, ... The evidence rejected was entirely admissible to show actual partnership, ..."

3. The Law of Contracts by Samuel Williston, Clarence Martin Lewis (1922)
"In case of the dissolution of said partnership for any cause other than the death of ... partnership Agreement—Miscellaneous Provisions of Special Nature ..."

4. The Encyclopaedia Britannica: A Dictionary of Arts, Sciences, Literature and (1911)
"partnership property must be applied exclusively for partnership purposes and in accordance with the partnership agreement. ..."

5. United States Statutes at Large: Containing the Laws and Concurrent by United States (1868)
"And be it further enacted, That the business of the partnership every such partnership which shall in any manner be carried on after any such alteration ..."

6. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1912)
"The partnership is a distinct thing from the partners themselves, ... If it is not so, the rule that sets apart the property of a partnership exclusively, ..."

7. Commentaries on American Law by James Kent, William M. Lacy (1889)
"heen acquired with partnership stock, and a title taken in the name of the surviving partner, and a claimant under the deceased partner was held entitled in ..."

Other Resources Relating to: Partnership