Partnerships

ALSO CALLED: Alliances, Partnering, IT Channel Partners, Channel Partners, Business Alliances, and Business Partnerships
DEFINITION: A partner is a member in a partnership, an entity in which both the profits or losses of a business or other venture are shared between all members. Corporations favor partnerships because of a taxation structure that eliminates dividend taxes upon the profits of owners.

In information  … 
Definition continues below.

PARTNERSHIPS DEFINITION (continued): … A partner is a member in a partnership, an entity in which both the profits or losses of a business or other venture are shared between all members. Corporations favor partnerships because of a taxation structure that eliminates dividend taxes upon the profits of owners.

In information technology, a partnership can indicate a relationship that extends beyond monetary considerations. For instance, one software maker might agree to integrate another company's product or service into their products or agree to support a common standard or protocol. Other partners may be aligned together for expressly non-profit goals, like sharing internal resources for disaster recovery, open source software development or digital education initiatives.

Partnerships definition sponsored by SearchITChannel.com, powered by WhatIs.com an online computer dictionary