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Mikes per Duty discusses the importance of having a clearly defined partnership agreement. He emphasizes that whether one is currently in a partnership or plans to be in one, specifying each partner's roles, responsibilities, and accountability is crucial. In his experience, a lack of clarity often leads to misunderstandings, where partners blame each other for not fulfilling expectations. He suggests that while partners may be equals, it is essential for someone in the partnership to take on a leadership role to ensure proper organization and accountability.