Tripartite Agreements

A tripartite agreement is a legal contract involving three parties. Each party has specific roles and responsibilities outlined in the agreement. These contracts are common in various situations, such as business transactions, partnerships, or joint projects, where the interests and obligations of all three parties need to be clearly defined. For example, in a real estate deal, it could involve a buyer, seller, and a broker. The agreement helps ensure that everyone understands their commitments and can help prevent disputes by providing a clear framework for cooperation.