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The speaker discusses the importance of partnering with others in business and emphasizes the need for clear agreements to protect oneself. They recount recent interactions with two students who faced challenges in their partnerships. One case involved two members of an owner forum attempting to collaborate on a deal, while the other involved a member partnering with someone met at a boot camp to engage in another person's project. The speaker highlights the significance of asking fundamental questions, particularly about having written agreements, to ensure clarity and safeguard interests in business partnerships.