Subpartnership
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Subpartnership is a noun meaning (law) An arrangement whereby a partner of a partnership agrees to share profits and losses with a nonpartner without thereby forming a partnership.
Meaning
(law) An arrangement whereby a partner of a partnership agrees to share profits and losses with a nonpartner without thereby forming a partnership.
Example Sentences
As shown elsewhere herein, the subpartnership is no part of, and is not included within, the primary partnership.
Word Forms
- subpartnerships
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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