Partnership Essay

1909 Words8 Pages
Partnership From Wikipedia, the free encyclopedia A partnership is an arrangetrent inwhich parties agree to cooperate to advance their mutual interests.Pl Since hmnans are social beings, partnerships between individuals, businesses, interest-based organizafuns, schooB, govermrents, and varied combinafuns thereof; have always been and remain conm:mp1ace. In the IIDst :frequently associated instance of the tenn, a partnership is funred between one or IIDre businesses in wlOCh partners (owners) co-1abor to achieve and share profits and k>sses (see business partners). Partnerships exist within, and across, sectors. Non-profit, religious, and political organizations may partner together to increase the likehbood of each achieving their mission and to arq>lify their reach Inwhat is usually called an alliance, govemmmts may partner to achieve their nafunal interests, so sagainst allied govemmmts hokling contrary interests, as occmred dming Workl War IIand the Cokl War. In education, accrediting agencies increasingly evah.Jate schoo1s by the Jevel and quality of their partnerships with other schools and a variety of other entities across societal sectors. partnerships occur at personal levels, such as when two or IIDre indivXluals agree to domicile together, while other partnerships are not only persona], but private, known only to the involved parties. Partnerships present the involved parties with special challenges that nrust be navigated unto agreetrent. Overarching goa1s, leve1s of give-and-take, areas of responsibility, lines of authority and succession, how success is evaluated and distributed, and often a varety of other fuctors must allbe negotiated. Once agreerrent is reached, the partnership is typically enfurceable by civil Jaw, especially ifwell doCl.llreilted. Partners who wish to rmke their agreerrent affirmatively explicit and enfurceab1e

More about Partnership Essay

Open Document