5/8/2011 Company Law I Lecture 2:Business Vehicles(con't) Partnerships-meaning Partnership Ordinance(Cap 38). Definition of partnership:"Partnership is the relation which subsists between persons carrying on a business in common with a view of profit."(s 3) 15/8/2011 1 Company Law I Lecture 2: Business Vehicles (con’t) 2 Partnerships - meaning • Partnership Ordinance (Cap 38). • Definition of partnership: “Partnership is the relation which subsists between persons carrying on a business in common with a view of profit.” (s 3)