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The speaker discusses the importance of partnership and collaboration in business, sharing personal experiences that highlight the need for caution. Two recent student cases illustrate these concerns: one involved two members of an owner forum trying to establish a partnership, and the other featured a member who connected with someone at a boot camp to engage in a third party's deal. The speaker emphasizes the essential practice of having written agreements in partnerships, suggesting that asking basic questions can clarify the nature of these relationships and protect one's interests. Engaging with partners requires due diligence to avoid potential pitfalls.