Medications

Johnson and Johnson cuts price of anti-TB tablets

US pharmaceutical giant Johnson and Johnson announced Monday an immediate cut in the price of its tuberculosis treatment course—a move NGOs have long been calling for.

Diseases, Conditions, Syndromes

NYC building virus testing capacity with more than 150 sites

New York City is ramping up its ability to test for the coronavirus, with testing available at more than 150 sites citywide and test kits made in the city now in use at city-run health clinics, Mayor Bill de Blasio said Monday.

Health

Indigenous-led health care partnerships flourishing in Canada

Innovative, Indigenous-led health care partnerships and cultural healing practices have shown improved health outcomes and access to care, and have become important features of the medical landscape in Canada, according to ...

Medications

Major insurers offer $55 million to lower generic drug costs

A nonprofit that develops and sells cheaper drugs will receive a $55 million investment from the Blue Cross Blue Shield Association and associated organizations to create cheaper versions of expensive generic drugs.

Health

Four principles underlie patient and family partnership in care

(HealthDay)—Patient and family partnership in care should include treatment of patients and families with dignity and respect, their active engagement in all aspects of care, and their contribution to the improvement of ...

Medications

Taking blood without a needle

EPFL-based startup Loop Medical is working on a needleless device to take pain-free blood samples at home. The company has just signed a partnership agreement with Cerba HealthCare to develop this unique product and bring ...

Psychology & Psychiatry

Domestic violence turns women off masculine men

Women who are afraid of violence within partnerships prefer more feminine men, according to new research carried out by scientists at the University of St Andrews.

Health

ERs can improve population health in rural areas

Emergency physicians in Michigan propose a new health care delivery model for rural populations that depends on a partnership between emergency medicine and primary care and seeks to reverse the trend of failing health in ...

page 1 from 5

Partnership

A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.

Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace. In the most frequently associated instance of the term, a partnership is formed between one or more businesses in which partners (owners) co-labor to achieve and share profits and losses (see business partners). Partnerships are also common regardless of and among sectors. Non-profit, religious, and political organizations, may partner together to increase the likelihood of each achieving their mission and to amplify their reach. In what is usually called an alliance, governments may partner to achieve their national interests, sometimes against allied governments who hold contrary interests, such as occurred during World War II and the Cold War. In education, accrediting agencies increasingly evaluate schools by the level and quality of their partnerships with other schools and a variety of other entities across societal sectors. Partnerships also occur at personal levels, such as when two or more individuals agree to domicile together, while others are not only personal but private, known only to the involved parties.

Partnerships present the involved parties with special challenges that must be navigated unto agreement. Overarching goals, levels of give-and-take, areas of responsibility, lines of authority and succession, how success is evaluated and distributed, and often a variety of other factors must all be negotiated. Once agreement is reached, the partnership is typically enforceable by civil law, especially if well documented. Partners who wish to make their agreement affirmatively explicit and enforceable typically draw up Articles of Partnership.

While partnerships stand to amplify mutual interests and success, some are considered ethically problematic. When a politician, for example, partners with a corporation to advance the corporation's interest in exchange for some benefit, a conflict of interest results. Outcomes for the public good may suffer.

Partnerships may enjoy special benefits in tax policies. Among developed countries, for example, business partnerships are often favored over corporations in taxation policy, since dividend taxes only occur on profits before they are distributed to the partners. However, depending on the partnership structure and the jurisdiction in which it operates, owners of a partnership may be exposed to greater personal liability than they would as shareholders of a corporation. In such countries, partnerships are often strongly regulated via anti-trust laws, so as to inhibit monopolistic practices and foster free market competition. Governmentally recognized domestic partnerships typically enjoy tax benefits, as well.

This text uses material from Wikipedia, licensed under CC BY-SA