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In this video, Sandeep Krishna discusses the concept of a tripartite agreement, which is commonly encountered in the real estate industry, especially by buyers of under-construction properties. A tripartite agreement involves three parties: the buyer, the seller, and a financial institution. This agreement outlines the terms and conditions of property transactions that include the participation of a financial institution. It serves as a legal document that formalizes the contract between these three entities, ensuring clarity and protection for all parties involved in the deal. The video aims to provide brief information about the nature and workings of tripartite agreements in real estate transactions.
