A partnership is a formal collaboration between two or more entities (organizations, institutions, companies, etc.) that work together towards a shared goal or mutual benefit. In a partnership, all parties contribute resources, expertise, and efforts to achieve common objectives. Partnerships can take various forms, such as joint projects, long-term agreements, or memorandums of understanding, and often involve shared decision-making, responsibilities, and risks. The relationship is typically characterized by a high level of trust, mutual dependency, and alignment of strategic interests.