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The speaker emphasizes the importance of collaborating with partners in business and the need to protect oneself legally. They recount recent calls from two students who encountered issues with partnerships: one involved members from an owner forum collaborating on a deal, while the other was a partnership formed at a boot camp. The speaker stresses the necessity of having written agreements to clarify relationships and expectations in such arrangements. They highlight the risks of entering partnerships without proper documentation and encourage asking essential questions to safeguard interests in potential business dealings.
