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In this tutorial, Mike discusses the importance of having a clear partnership agreement for business partnerships. Drawing from his experience, he emphasizes the necessity of specifying each partner's roles, responsibilities, and accountability within the partnership. He notes that many partnerships suffer from confusion because roles are not clearly defined, leading to disputes about what each partner should be doing. Despite the perception that partners are equals without a hierarchy, Mike insists that establishing a clear structure is crucial for the partnership's success and to avoid misunderstandings about responsibilities.