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The speaker discusses the importance of working with partners and ensuring proper agreements are in place, based on personal experiences impacting their business. They recount recent conversations with two students who encountered issues while forming partnerships. In one case, two members of an owner forum attempted to collaborate on a deal, while in another, a forum member partnered with someone met at a boot camp to join a third party's deal. The speaker emphasizes the need for clarity and diligence in such partnerships, urging individuals to ask essential questions, particularly about having written agreements to protect their interests and avoid potential complications.