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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 buying under-construction properties. He explains that this agreement involves three parties: the buyer, the seller, and a financial institution, hence the name "tripartite." It outlines the terms and conditions of property deals where the financial institution is involved, ensuring all parties are legally bound to the agreement. The video aims to provide a brief overview of how a tripartite agreement works, highlighting its importance in real estate transactions.
