partnership
n. C / Un. a relationship where two or more people or groups work together to reach a goal. You often use this for businesses or sports teams.
n. a relationship between individuals or groups who cooperate to achieve a shared objective. Often refers to a legal arrangement in which two or more parties share profits and liabilities.
The two companies formed a partnership to develop new software.
The school and the local library created a partnership to improve literacy rates among young children in the neighborhood.
While the initial partnership was based on mutual financial gain, it eventually evolved into a strategic alliance that reshaped the entire regional manufacturing sector.
From partner + -ship. Cognate with Danish partnerskab, Dutch partnerschap, German Partnerschaft, Norwegian Bokmål partnerskap, Norwegian Nynorsk partnerskap, Swedish partnerskap, and West Frisian partnerskip.
Often used with the verbs 'form', 'enter into', or 'dissolve'. Takes the preposition 'with' for the partner and 'between' for the parties involved.