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In this tutorial, Mike from "Mikes per Duty" discusses the significance of having a clear partnership agreement. Drawing from his experiences as both a sole owner and partner in various companies, he emphasizes the necessity of defining each partner's role, responsibilities, and accountability within the partnership. He highlights that misunderstandings often arise when roles are not clearly outlined, leading to frustration over unfulfilled expectations. It's essential for partnerships to acknowledge that, although partners are equals, someone must take a lead role to maintain structure and clarity in operations.