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The speaker discusses the significance of collaborating with partners and the importance of having clear agreements in business relationships. He shares experiences from two students who encountered issues with their partnerships. In one case, two members from an owner forum tried to form a partnership, while in another, a member partnered with someone met at a boot camp to invest in a third party’s deal. The speaker emphasizes the need for written agreements and the necessity of asking basic questions to assess the partnership. He highlights that being thorough in these discussions can help protect oneself in business dealings.