subpartnership

Etymology

From sub- + partnership.

subpartnership means an arrangement whereby a partner of a partnership agrees to share profits and losses with a nonpartner without thereby forming a partnership. Lexicurio rates it Sui generis — a strength score of 95 out of 100.

noun

An arrangement whereby a partner of a partnership agrees to share profits and losses with a nonpartner without thereby forming a partnership.“As shown elsewhere herein, the subpartnership is no part of, and is not included within, the primary partnership.”