Etymology
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partnership (n.)

1570s, "state or condition of being a partner," from partner (n.) + -ship. In the commercial sense, "association of two or more persons for carrying on a business," from c. 1700.

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Definitions of partnership

partnership (n.)
the members of a business venture created by contract;
partnership (n.)
a cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal;
effective language learning is a partnership between school, teacher and student
the action teams worked in partnership with the government
partnership (n.)
a contract between two or more persons who agree to pool talent and money and share profits or losses;
From wordnet.princeton.edu