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The speaker discusses the importance of partnerships in business, drawing from recent experiences with two students who faced challenges in collaborative scenarios. One case involved two members of an owner forum trying to establish a partnership, while the other involved an owner forum member teaming up with someone met at a boot camp. In both situations, potential issues arose when they considered involving a third party. The speaker emphasizes the necessity of having written agreements and understanding the relationships involved, suggesting that basic questions can help clarify the situation and protect their interests.