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Questions and Answers
What is a partnership and who are the parties involved in a partnership?
What is a partnership and who are the parties involved in a partnership?
A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments, or combinations.
Why do organizations partner with each other?
Why do organizations partner with each other?
Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach.
What are the two ways in which a partnership can be governed?
What are the two ways in which a partnership can be governed?
A partnership may result in issuing and holding equity or may be only governed by a contract.
What is the historical origin of partnerships?
What is the historical origin of partnerships?
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Who is credited with implementing the first partnership?
Who is credited with implementing the first partnership?
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