If you are both running the same version of Studio, then it's possible. And both people do need to have the exact same items or it will not load.  The file path will be important because it was saved as being able to find the items in a certain area/drive/folder on your computer while your friend may have them in a different area/drive/folder. Studio should just let you know it can't find them and they would all have to be found manually as it asks for them.