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Chris Gagne, an Agile Coach, discusses the concept of a working agreement, which is a documented set of ground rules created by a team to enhance their productivity and happiness. He highlights common factors that can hinder team effectiveness, such as distractions from phones and laptops during meetings and tardiness to stand-ups. Gagne suggests using reverse psychology to develop a working agreement: teams should brainstorm potential failures, prioritize the top five risks based on likelihood and severity, and establish specific rules to mitigate these risks. An example rule could address the issue of team members not collaborating effectively.