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The speaker discusses the importance of working with partners in business and emphasizes the need to protect oneself in these partnerships. They recount two recent scenarios involving students from an owner forum who were forming partnerships. In one case, two forum members were collaborating on a deal, while in another, a member partnered with someone from a boot camp to engage with a third party as general partners. The speaker highlights the importance of asking basic questions, such as whether any agreements are in writing, to ensure clarity and security in these business relationships. The overarching message is to be cautious and prepared when entering partnerships.
