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In this video, Sandeep Krishna discusses the concept of a tripartite agreement, particularly relevant to the real estate industry. He explains that such an agreement involves three parties: the buyer, the seller, and a financial institution, which is why it's called "tripartite." It is commonly required for buyers investing in under-construction properties. The agreement outlines the terms and conditions of the property deal, ensuring all parties are legally bound. Sandeep aims to provide viewers with a brief understanding of how tripartite agreements function and their importance in real estate transactions.