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In this video, Agile Coach Chris Gagne discusses the concept of a working agreement, which is a set of ground rules created by teams to enhance productivity and morale. He suggests identifying factors that hinder team performance, such as distractions during meetings or lateness to stand-ups. To formulate an effective working agreement, Gagne recommends using reverse psychology: the team should brainstorm potential failures, prioritize the top five risks based on likelihood and impact, and establish specific rules to mitigate those risks. An example might be agreeing to limit distractions during meetings to improve focus and engagement.