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Home Definitions

What is a Partnership? Definition or Meaning

Posted by Bizversity

Partnerships are agreements. In other words, they formalise mutual interests to advance a specific project or business venture jointly in all aspects. This could include business expansion plans, marketing strategy, responsibilities and financial negotiations.

For example…

eBay is a product born out of a partnership. Pierre Omidyar and Jeffrey Skoll collaborated on the idea of an auction website and formed a business partnership which became very popular and highly lucrative.

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