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Newbiggin By The Sea Partnership

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15 Front Street
Newbiggin By The Sea
Northumberland
NE64 6NU


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Newbiggin By The Sea Partnership Details:

Build And Repair Pleasure Sport Boats

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partnership

1. the state or condition of being a partner; participation; association; joint interest.
2. Law.
a. the relation subsisting between partners.
b. the contract creating this relation.
c. an association of persons joined as partners in business
1. partnership, business, concern, business concern, business organization, business organisation
usage: the members of a business venture created by contract
2. partnership, contract
usage: a contract between two or more persons who agree to pool talent and money and share profits or losses
A partnership is an arrangement where entities and/or individuals agree to cooperate to advance their interests. In the most frequent instance, a partnership is formed between one or more businesses in which partners co-labor to achieve and share profits or losses.

Partnerships are also frequent regardless of and among sectors. Non-profit organizations, for example, may partner together to increase the likelihood of each achieving their mission. Governments may partner with other governments to achieve their mutual goals, as may religious and political organizations. In education, accrediting agencies increasingly evaluate schools by the level and quality of their partnerships with other schools and across sectors. Partnerships also occur at personal levels, such as when two or more individuals agree to domicile together. Partnerships between governments, interest-based organizations, schools, businesses, and individuals, or some combination thereof, have always been and remain commonplace.

Partnerships have widely varying results and can present partners with special challenges. Levels of give-and-take, areas of responsibility, lines of authority, and overarching goals of the partnership must all be negotiated. While partnerships stand to amplify mutual interests and success, some are considered ethically problematic, or at least debatable.