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In this tutorial, Mike discusses the importance of a well-defined partnership agreement based on his experience as a partner in various companies. He emphasizes that such an agreement should clearly outline the roles, responsibilities, and accountabilities of each partner. Many partnerships suffer from a lack of clarity regarding these elements, leading to disagreements about individual contributions and duties. Mike suggests that despite the equality among partners, it is crucial for one person to take a leadership role to maintain effective management and accountability within the partnership.
