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In this video, Mikes per Duty discusses the importance of having a clear partnership agreement, especially for those currently in or planning to enter a partnership. He shares his experiences as both a sole owner and a partner in various companies. Key points include the necessity of defining each partner's role, responsibilities, and accountability within the partnership. He points out that many partnerships suffer from unclear roles, leading to misunderstandings about each partner's duties. Mikes emphasizes that despite being equals, someone within the partnership should take on a leadership role to ensure effective management and coordination.
