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Sandeep Krishna explains the concept of a tripartite agreement, which is commonly used in the real estate industry. This agreement involves three parties - the buyer, seller, and financial institution. It is a legal document that outlines the terms and conditions of property deals when a financial institution is involved. Buyers investing in under-construction properties often have to sign a tripartite agreement. This video aims to provide a brief understanding of what a tripartite agreement is and how it works.