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In this video, Sandeep Krishna discusses the concept of a tripartite agreement, particularly in the context of the real estate industry. He explains that this type of agreement is crucial for buyers investing in under construction properties, as it involves three parties: the buyer, the seller, and a financial institution. The tripartite agreement outlines the terms and conditions of property deals and is a legally binding document that must be signed by all three parties involved. Sandeep aims to provide a clear understanding of what a tripartite agreement is and how it functions within real estate transactions.