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Chris Gagne, an Agile Coach, discusses the importance of a working agreement, a set of ground rules created by the team to enhance productivity and happiness. By identifying obstacles like distractions in meetings or tardiness to stand-ups, teams can prioritize risks and establish specific rules to mitigate them. Using reverse psychology, teams can brainstorm potential failures, prioritize risks, and create rules to prevent them. This process improves teamwork and efficiency by addressing potential roadblocks proactively.