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Business partnership

What is a business partnership?

Business partnership is a form of cooperation between companies or organizations to achieve common goals. Partners pool their resources, knowledge and expertise to achieve greater success than each would individually.

For example, one company can provide its technology, and another can offer access to its market. Together, they can launch a new product or improve the quality of their services faster and more efficiently.

Business partnerships help share risks and reduce costs as partners invest resources jointly. Here, mutual trust and clear agreements are key success factors.

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