Significance of Partnership
Partnership, as defined in Dharmashastra, is a legal relationship between individuals working together on a business or project. Similarly, in Theravada, it describes a cooperative relationship between traders aimed at conducting business together. Both perspectives emphasize collaboration and shared goals in business ventures, highlighting the importance of partnership in facilitating commercial activities.
Synonyms: Alliance, Cooperation, Joint venture, Teamwork, Union
In Dutch: Partnerschap; In Finnish: Kumppanuus
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
Buddhist concept of 'Partnership'
In Buddhism, Partnership signifies a cooperative relationship between traders, emphasizing collaboration and mutual benefit in business endeavors, reflecting the principles of interdependence and collective well-being.
From: Jataka tales [English], Volume 1-6
(1) A cooperative relationship formed between the two traders for the purpose of conducting business together.[1]
Hindu concept of 'Partnership'
In Hinduism, Partnership signifies a legal relationship where multiple individuals unite to advance a business or project, reflecting principles of collaboration and mutual benefit within the context of societal and ethical norms.
From: Manusmriti with the Commentary of Medhatithi
(1) A formal agreement between two or more individuals to operate a business together for profit, sharing risks and rewards according to agreed terms.[2] (2) A legal relation between two or more individuals who collaborate to further a business or project.[3]