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Sandeep Krishna discusses the concept of a tripartite agreement, particularly in the context of the real estate industry. This agreement typically involves three parties: the buyer, the seller, and a financial institution, especially when purchasing under-construction properties. It serves as a contractual framework to outline the terms and conditions of property deals where financing is involved. The tripartite agreement is critical for ensuring all parties are aligned and legally bound in the transaction. By providing clarity and structure, it facilitates smoother dealings in real estate transactions.