A partnership is an arrangement where parties, known as 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 organizations may partner together to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. Partnership agreements can be formed in the following areas:
Business: two or more companies join forces in a joint venture or a consortium to i) work on a project (e.g. industrial or research project) which would be too heavy or too risky for a single entity, ii) join forces to have a stronger position on the market, iii) comply with specific regulation (e.g. in some emerging countries, foreigners can only invest in the form of partnerships with local entrepreneurs). In this case, the alliance may be structured in a process comparable to a Mergers & Acquisitions transaction.
In the sport of cricket, two batsmen always bat in partnership, although only one is on strike at any time. The partnership between two batsmen will come to an end when one of them is dismissed or retires, or the innings comes to a close (usually due to victory being achieved, a declaration, a time or over limit being reached, or the match being abandoned in mid-innings for inclement weather or, exceptionally, dangerous playing conditions). Various statistics may be used to describe a partnership, most notably the number of runs scored during it (either by the batsmen or as extras), the duration of the partnership both in time (usually quoted in minutes) and number of deliveries (balls) faced. Partnerships are often described as being for a particular wicket (for example, a "third wicket partnership", also called a "third wicket stand"—in this context, the "opening partnership" between the two opening batsmen is the "first wicket partnership"). This has the anomalous result that a partnership may be between more than two batsmen, if one of the original batsmen retires hurt but not out, since the particular numbered wicket will not have fallen yet.
In Australia, each state has enacted legislation regarding partnerships.
The definition of a partnership does not vary across jurisdictions, with each definition encompassing the following criteria in determining the existence of a partnership:
Valid Agreement between the parties;
To carry on a business - as opposed to a single or isolated transaction, which suggests a Joint venture.;
In Common - meaning there must be some mutuality of rights, agency, interests and obligations;
View to Profit - partnerships must form with a view to profit. Other business structures such as charities and sporting clubs do not seek to share profits and liabilities, and are thus treated differently under each state jurisdiction's respective Associations Incorporation Act.
Who is a partner?
As to whether any given person involved with a company is a 'partner', guidance is found in s.6 of the Act. Several rules are given. The most common are as follows:
Rule 1 - s.6(1)provides that there must be joint-ownership. This is rather self-explanatory but the mere fact that persons may be joint-tenants or have part ownership do not in themselves create a partnership. Typically, where the rules below point towards a partnership, such would generally satisfy this rule.
A yeast dough is rolled out thinly, covered with thin slices of butter between the layers of dough, and then the dough is folded and rolled several times, creating 27 layers. If necessary, the dough is chilled between foldings to ease handling. The process of rolling, buttering, folding and chilling is repeated multiple times to create a multilayered dough that becomes airy and crispy on the outside, but also rich and buttery.
Danish (/dɑːnɪʃ/; Persian: دانش), also spelled Danesh or Daniş, is a male given name, it may refer to:
In Persian and Urdu, Danish means "intelligent". It is a popular Muslim name in the Indian subcontinent. In the Sanskrit language, Dan is "to give", and Ish is "God", a Hindu name. "Dan+ish" is "God who gives" (cf. Theodore in Greek, Godiva in Old English, and Nathaniel in Hebrew).
Refer Danvir Karan in Mahabharata
Also means belonging to the Danes, Danish people from Denmark
LAHORE ...DanishAziz contributed 19 in the unbroken partnership of 39 with Taha, who deservingly got the player-of-the-match award ... Scoreboard ... Abdullah Shafiq c Taha b Danish 22 ... Mir Hamza 4-0-28-0(3w); Rumman Raees Khan 4-0-25-1 (1w); Mohammad Hasnain 3-0-27-0; Abrar Ahmed 4-0-15-2; Danish Aziz 4-0-14-1; Mohammad Taha 1-0-3-0 ... Danish Aziz not out 19 ... .
The Indo-Danish collaboration is being planned under the Green Strategic Partnership agreed upon by the two countries, which covers a range of areas like economy and commerce, science and technology, environment, energy, culture and education. Danish government officials, led by ...
Speaking at the joint press meet with Danish counterpart Mette Frederiksen, PM Modi said India and Denmark have initiated a new partnership in the field of health ...Following the talks, the two countries exchanged four agreements following a bilateral meeting between Prime Minister Modi and his Danish counterpart Frederiksen.
Following a meeting with his Danish counterpart Mette Frederiksen, Prime MinisterNarendra Modi said the green strategic partnership finalised a year ago reflected the foresight of both countries and respect for the environment ... The two sides also decided to expand the scope of their cooperation, including a new partnership in health.
This is the area where there are tremendous complementarities and synergies between India and Denmark, given the energy-efficient and green technology that Danish companies have and scale that they can be utilized for benefit of people here in India, so this is very imp aspect of partnership" said senior MEA official Sandhu.
India and Denmark have decided on an action plan for a five-year green strategic partnership during DanishPrime MinisterMette Frederiksen's first visit to the country. ... "Terming as "unique," the green strategic partnership between the two countries Sandhu said that it is focused on collaboration to promote green and sustainable growth." ... .
The Ministry of External Affairs had said the DanishPrime Minister's visit is very important, stating it will give an opportunity to review the green strategic partnership, which aims to create a framework to solve the environmental crisis.
The wicketkeeper-batter scored an unbeaten 37-ball 54, hitting five fours and a six, and stitched partnerships worth 35 and 41 with DanishAziz and Anwar Ali � who scored 20 runs each ... He smashed eight fours and a six in his unbeaten 52-ball knock and stitched a solid partnership with Shoaib Malik (40 not out off 25, four fours and a six) worth 98.