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In the video, the speaker explains the distinction between an incentive structure and a profit share agreement, emphasizing the significance of the latter in business. Profit share agreements are highlighted as crucial tools for attracting and retaining high-quality team members. The discussion centers on how these agreements can incentivize individuals to perform at their best, fostering a high-performing team environment. The speaker also mentions the need for effective mechanisms that promote such performance, specifically through profit sharing. Overall, the video aims to help viewers understand and implement profit sharing agreements to enhance team dynamics and success.