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Dictionary by pitch.dog
Company forms & group structures · Core

Partnership

Also called: business partnership

ELI5

A business relationship in which two or more persons carry on an enterprise together under applicable law.

Used in conversation

“Counsel wants partnership clarified before anyone signs.”

Pitch context

You will see “Partnership” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches company forms & group structures.

Why it matters: In company forms & group structures, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 3

Direct term-level sources and supporting source families.