partnerships
n. countablen. agreements where two or more people or groups work together to reach a goal. You use this when talking about businesses or organizations that share costs and profits.
n. formal arrangements between two or more parties to manage and operate a business or project together. Often implies a shared responsibility for risks, resources, and outcomes.
The two companies formed several partnerships to develop new technology.
Public-private partnerships are essential for building large infrastructure projects like bridges and hospitals.
The university seeks to foster strategic partnerships with local industries to ensure that its research translates into tangible economic benefits for the community.
Often used with the verbs 'form', 'build', or 'enter into'.