Partner

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Partner

Business associate who shares equity in a firm.

Partner

In a company, one who shares with at least one other person, jointly and severally, the right to share revenue, as well as at least some of the financial risk for the company's debts. In a general partnership, all partners share this right as well as management authority over the business. In a limited partnership, one or more general partners maintain management authority while limited partners only share in profit. In a limited liability partnership, partners may or may not have management authority and share revenue according to some predetermined arrangement. The allocation of risk differs between each of these types of partnership as well.

partner

A member of a partnership.
References in periodicals archive ?
However, as the researchers point out, their study did not examine whether discordant partnering was associated with STD transmission.
Partnering with friends or relatives can work well if you remember one thing: know who you're going into business with.
amp; BRUSSELS, Belgium -- EBD Group (The leading partnering firm for the Life Science Industry) - and Eucomed (The Voice of the Medical Technology Industry in Europe) are pleased to announce the upcoming BioDevice Partnering 2007.
The program offers a single, integrated partnering framework that recognizes partner expertise, rewards the total impact that partners have in the technology marketplace, and delivers more value to help partners' businesses be successful.