Meaning of the word "team up" in English

What does "team up" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

team up

US /tiːm ʌp/
UK /tiːm ʌp/

Phrasal Verb

to work together with someone to achieve a common goal

Example:
The two companies decided to team up for the new project.
Let's team up and finish this task quickly.