👉 Partners in a legal or business context refers to two or more individuals, entities, or organizations who are involved in a transaction or agreement. They are often referred to as "partners" for their role and purpose within the relationship. In a partnership, each partner has an equal share of responsibility and financial contributions. The partners can share profits, losses, and distribute profits among themselves based on their ownership interest in the business. Partnerships are commonly used in various types of agreements, including joint ventures,