What is the definition of partnership?

Answer by  ttownbeast (341)

A partnership by legal definition is a business or social agreement which benefits two or more parties entering into a contract either verbally or written. Legal Partnerships can be anything from a marriage or civil union to joint ownership of a company.

Answer by  JohnHolmes (2660)

A partnership is when two people or more enter into a business agreement usually for ownership or control of a company. You see these most often in family business holdings.

Answer by  jacksprat870 (148)

Partnership - When two or more parties join together and become one entity as they face a challenge or overcome adversity.