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Chris Gagne, an Agile Coach, discusses the concept of a working agreement, which is a set of documented ground rules created by a team to enhance productivity and happiness. He highlights common issues that can slow teams down, such as distractions during meetings or individuals arriving late to stand-ups. To develop a working agreement, Gagne suggests employing reverse psychology: the team should brainstorm potential failures and then prioritize the top five risks based on their likelihood and impact. Finally, the team should establish specific rules to mitigate these risks, ensuring a more efficient and cohesive working environment.