commercial partnership

Definition of "commercial partnership"
  1. A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or a business deal
How to use "commercial partnership" in a sentence
  1. The two companies formed a commercial partnership to expand their business operations.
  2. Due to the commercial partnership, the firms can share resources to develop new products.
  3. In their commercial partnership, each company agrees to fulfill specific roles and responsibilities.

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