About WHAT! What exactly requires a serious business partner arrangement?Open to suggestions and serious business partner, not much explanation needed as it's self explanatory.
Maybe you can provide info to this business partner arrangement other than simply repeating his words. What arrangement?
What are the obligations & requirements of each partner in the arrangement?
Well, it's not very clear whatsoever. Simply making a statement doesn't explain what each partner's responsibilities are. What their goals are and expectations are. Lot of meat been left out of the soup, here.