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In this video, Sandeep Krishna discusses the concept of a tripartite agreement, particularly relevant for those in the real estate industry or individuals purchasing 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 the property deal, ensuring all parties understand their obligations. It is a crucial legal document in transactions where financing is involved. The video aims to provide a brief overview of what a tripartite agreement is and how it functions in property dealings.