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In this episode of the Contract Teardown Show, legal expert Siobhan Smith discusses teaming agreements, particularly in the context of government contracts. A teaming agreement involves two parties collaborating to pursue business opportunities, often seen in government contracting scenarios where the government issues solicitations. Siobhan shares insights about the unique ecosystem of these agreements, emphasizing their relevance in securing government contracts and the various formats and components they may include. The discussion aims to clarify the purpose and structure of teaming agreements for viewers unfamiliar with this aspect of legal partnerships in contracting.