Talk after company and party, going their different ways, team up (11)

'team up' is the definition.
(thesaurus)

'talk after company and party going their different ways' is the wordplay.
I cannot quite see how this works, but
'talk' could be 'orate' (to orate is to give a speech) and 'orate' is found in the answer.
'company' could be 'co' (abbreviation) and 'co' is present in the answer.
'party' could be 'lab' (abbreviation for Labour, UK political party) and 'lab' is found in the answer.
A single letter 'l' remains which might be clued in a way I don't understand.
This may be the basis of the clue (or it may be nonsense).