A partnership between two companies is a formal agreement to collaborate and work together towards common goals. This arrangement can take various forms, such as:

Joint Ventures: Both companies create a new entity to pursue specific projects or markets, sharing resources, risks, and profits.

Strategic Alliances: Companies cooperate while remaining independent, leveraging each other’s strengths, such as technology, distribution channels, or expertise.

Supply Chain Partnerships: One company may rely on another for supplies or components, enhancing efficiency and reducing costs.

Marketing Partnerships: Companies may collaborate on marketing campaigns, co-branding, or promotions to reach a broader audience.

Partnerships can help companies expand their market reach, share risks, and leverage complementary strengths, but they also require clear agreements on roles, responsibilities, and profit-sharing.