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Sandeep Krishna discusses the concept of a tripartite agreement, which is particularly relevant for individuals in the real estate industry or those purchasing an under-construction property. This type of agreement involves three parties: the buyer, the seller, and a financial institution, hence the name "tripartite." In real estate transactions where financing is involved, this agreement outlines the terms and conditions related to the property deal. It is a crucial legal document that formalizes the relationship and obligations of all three parties in the transaction. The video aims to provide a brief overview of the tripartite agreement and its significance in property deals.
