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In this video, Sandeep Krishna provides an overview of the tripartite agreement, particularly relevant for those in the real estate industry or purchasing under-construction properties. He explains that this agreement involves three parties: the buyer, the seller, and a financial institution. The tripartite agreement details the terms and conditions of property deals involving financing. It is a legal document that must be signed by all three parties to ensure that everyone's interests are protected throughout the transaction process. The video aims to clarify the concept and significance of tripartite agreements in real estate transactions.