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Governing agreements play a crucial role in business legal disputes and fiduciary duties. Imagine a scenario where a player on your team intentionally injures his teammates to boost his own performance, causing chaos and potential lawsuits. Similarly, running a business without clear governing agreements can lead to misunderstandings, disputes, and potentially disastrous consequences. It is essential for all parties involved in a business venture to establish clear rules and responsibilities to avoid conflicts and ensure the success of the enterprise.