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Sandeep Krishna discusses the concept of a tripartite agreement, particularly relevant in the real estate industry. This agreement involves three parties: the buyer, the seller, and a financial institution, making it essential for buyers investing in under-construction properties. The tripartite agreement outlines the terms and conditions of property deals where financing is part of the process. It is a distinct legal document that formalizes the relationship and responsibilities of all three parties involved in the transaction. The video aims to provide viewers with a clear understanding of what a tripartite agreement is and how it functions in real estate transactions.
