Partnership vs. Consortium

By Jaxson

Main Difference

The main difference between Partnership and Consortium is that the Partnership is a arrangement in which parties agree to cooperate to advance their mutual interests and Consortium is a association of legal entities, usually businesses

  • Partnership

    A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract.

  • Consortium

    A consortium is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.

    Consortium is a Latin word meaning “partnership”, “association” or “society”, and derives from consors ‘partner’, itself from con- ‘together’ and sors ‘fate’, meaning owner of means or comrade.

  • Partnership (noun)

    The state of being associated with a partner.

  • Partnership (noun)

    An association of two or more people to conduct a business,

  • Partnership (noun)

    The period when two specific batsmen are batting, from the fall of one wicket until the fall of the next; the number of runs scored during this period,

  • Consortium (noun)

    An association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.

  • Consortium (noun)

    A similar arrangement among non-commercial institutions or organizations.

  • Consortium (noun)

    An association or society.

  • Consortium (noun)

    The right of a spouse to all the normal relationships with his or her mate.

  • Consortium (noun)

    A group of symbiotic microbes.

  • Partnership (noun)

    the state of being a partner or partners

    “we should go on working together in partnership”

  • Partnership (noun)

    an association of two or more people as partners

    “an increase in partnerships with housing associations”

  • Partnership (noun)

    a business or firm owned and run by two or more partners

    “the partnership now owns 22 department stores”

  • Partnership (noun)

    a position as one of the partners in a business or firm

    “she will be eligible for a partnership after a few years”

  • Partnership (noun)

    the number of runs added by a pair of batsmen before one of them is dismissed or the innings ends

    “their 176-run third-wicket partnership”

Oxford Dictionary

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