What is the difference of an industrial partner from a limited partner?

Question

In business, what is the difference of an industrial partner to that of a limited partner?

Answer 1

In a limited partnership, one or more of the partners is a General Partner, and these individuals have control of the business. Limited Partners do not take part in decision making, but their liability in the business is limited to their investment in the business.

An industrial partner has nothing to do with the law of limited partnerships. The term "industrial partner" essentially means that two or more business have a business relationship, such as a joint venture.

In the case of "limited partnerships" the parties involved are all individuals. In "industrial partnerships," the parties are businesses.

Answer 2

Not sure about industrial partner. Limited partner is used for 1 specific business deal. Once that deal is done, sold, etc. the partnership is also over. Like using several investors to start a business. They are partners only for this specific business. They can also be bought out, reimbursed with interest, etc. They also may loose money if deal goes bust.