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Creating a business without a governing agreement can lead to legal disputes and fiduciary duties. Just like playing in a sporting event with a teammate who injures others for personal gain, misunderstandings and disagreements among business partners can threaten the enterprise. Without clear guidelines in place, conflicts can arise, leading to potential lawsuits and damaging the reputation of the entire team. It is essential for businesses to establish clear governing agreements to protect the interests of all parties involved and avoid costly legal battles.