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Glite Dictionary
partner relation

partner relation

5.5
A duty of people in a business together to act honestly and protect each other's interests
  • noun
  • Formal
translation icon : relación de socios
  • The firm's partner relation includes sharing both profits and liabilities.

Examples

  • Every partner relation requires each member to be honest and transparent in all matters.

  • A strong partner relation is essential for business success.

  • A breach of partner relation can lead to serious legal consequences for those involved.

  • Maintaining good partner relations can lead to better collaboration.

  • A breach of partner relation can lead to serious legal consequences for those involved.

  • Every partner relation requires each member to be honest and transparent in all matters.

  • The firm's partner relation includes sharing both profits and liabilities.

Synonyms

fiduciary relation
vspartner relation
  • Formal
8.9

A relationship where one person trusts another who must act for their benefit

is mutual duty between business associates to act for each other's benefit

Antonyms

betrayal
197 3.9

An act of not being loyal to someone, for example telling their secrets or helping an enemy

self-interest
49 4.0

Wanting what is best for you and not caring about others

Surface Forms

partner relation singular
partner relations plural

Morphology

partner + relation

The phrase is largely compositional: a learner who knows 'partner' and 'relation' will infer a relationship or connection between partners, so the basic relational sense is predictable. However, the provided definition adds a specific legal/ethical/fiduciary responsibility nuance that is specialized and not directly derivable from the constituents, so the expression is only partially transparent.

Etymology

Partner relation comes from the simple picture of two people in business linked together: partner is one person and relation is the link between them. Because they are joined, they must 'look after' each other and share risks, so the phrase means the legal or moral 'responsibility' partners have to act for one another.