partnership-deals

Vocabulary Word

Definition

'Partnership-deals' are agreements where two or more parties collaborate to achieve a common goal. It's much alike forming a team to win a soccer match.

Examples in Different Contexts

In technology development, 'partnership deals' can facilitate innovation by combining strengths and resources of partnering firms. A tech company executive might discuss, 'Through our partnership deal, we aim to combine our technological expertise with our partner's distribution network to accelerate product development and reach.'

Practice Scenarios

Tech

Scenario:

Company Y's knowledge in artificial intelligence could truly be a game-changer for our software design.

Response:

Indeed, entering a partnership deal with Company Y for AI expertise could revolutionize our product.

Business

Scenario:

The way Brand X benefits from our marketing expertise, we could surely make most out of their wide distribution networks.

Response:

Agreed, it's time we formalize a partnership deal with Brand X to optimize our market potential.