Business Partnership Vocabulary

adjective a term used to describe a relationship or connection between two or more things, often indicating a close or supportive alliance

• The two countries are closely allied in their efforts to promote peace and stability in the region.
• The two companies are allied in their goal to dominate the market.
• We're all allied in our mission to have a good time tonight.
• The different departments in the company are like allied forces working together to achieve success.

noun a person or thing that is able to exist or work together without conflict

adjective able to exist or work together without conflict

• The new software update is fully compatible with all operating systems.
• I hope our phones are compatible so we can share files easily.
• Dude, are you sure your gaming console is compatible with the latest games?
• Their personalities are so compatible, it's like they were meant to be together.

noun a legal arrangement where two or more individuals share ownership of a property or asset

• The siblings entered into a legal agreement for joint ownership of the family business.
• My friend and I are going in on joint ownership of a vacation home together.
• Me and my buddy are going halfsies on joint ownership of a car.
• Their partnership was like joint ownership of a ship, navigating through the challenges together.

adjective not officially connected or associated with a particular group or organization

• The organization is unaffiliated with any political party.
• She prefers to remain unaffiliated with any specific group.
• I'm totally unaffiliated with that crowd.
• His mind was unaffiliated with any preconceived notions.

verb to jointly own something with one or more other people

• The business partners decided to co-own the company to share ownership and responsibilities.
• My brother and I are going to co-own a car together.
• Let's co-own this project and split the work evenly.
• We co-own the memories of our childhood, no one can take that away from us.

noun a person who shares ownership of a property with one or more other individuals

• The coproprietor of the property had to sign off on all major decisions.
• My sister is a coproprietor of the family business.
• The coproprietors of the apartment complex are throwing a party tonight.
• As coproprietors of the project, they had equal say in how it was managed.