Answer:A partnership is a business arrangement between two or more parties who join together to carry on a commercial activity. Partnerships can be formed for a variety of reasons, including expanding a business, sharing resources and expertise, and creating a new venture. To ensure a successful partnership, it is important to have a well-crafted partnership agreement that outlines the roles and responsibilities of each partner, as well as the terms of the partnership. Additionally, it is important to have a clear understanding of the goals and objectives of the partnership. This can help to ensure that all parties involved are on the same page and working towards the same outcome. Finally, it is important to establish a system of communication and decision-making to ensure that all partners are kept informed and up-to-date on the progress of the partnership.
