1. A contract between two or more persons who agree to pool talent and money and share profits or losses.
2. The members of a business venture created by contract.
Two or more persons carrying on a common business for shared profit. The business can be of any kind—for instance, solicitors, shop owners, or window cleaners. A partnership differs from a corporation in that the individuals remain separate in identity and are not protected by limited liability, so that each partner is personally responsible for any debts of the partnership.
In a limited partnership, a general partner or partners with a limited liability manage the enterprise, while limited partners have no management rights and their liability is limited to their investment.
The settings on a desktop computer and Windows CE device that allow information to be synchronized, as well as copied or moved between the computer and device. The mobile device can have partnerships with up to two desktop computers. See also synchronization (definition 6).