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The speaker discusses the importance of partnering effectively in business, emphasizing the need for written agreements to protect oneself. They share experiences of two students who encountered challenges in partnerships—one involving an Owner Forum member collaborating with another member, and the other involving a partnership formed at a guru's boot camp. The speaker stresses the significance of asking basic probing questions in such scenarios, particularly about the existence of written agreements, to ensure clarity and security in business relationships. This approach helps mitigate risks and establishes clear expectations among partners.