TRIPARTITE AGREEMENT. The Tripartite Agreement was an international monetary agreement that France, England and the United States concluded in September 1936 to stabilize their currencies, both domestically and in exchange. After the suspension of the gold standard by England in 1931 and the United States in 1933, a serious imbalance developed between their currencies and those of the countries of the gold bloc, especially France. At the same time, in both England and America, the controversy intensified between the proponents of “sound money,” who insisted on stabilization, and those who advocated a total deonetization of gold and an administered currency. The gold bloc countries have also insisted that the pound sterling and the dollar stabilize, with their fluctuating values having a negative influence on the exchange rate of the gold bloc`s currencies. The parties to a collective agreement will always, on behalf of the workers, be a group of workers in general in the form of trade unions, whereas on the employers` side it can be either the individual employer or an employers` organisation. The tripartite agreements describe the different guarantees and contingencies between the three parties in the event of non-payment. The transfer of debt, as defined in a typical tripartite agreement, clarifies the requirements for the transfer of the property if the borrower does not pay or pass on his debt. In some cases, tripartite agreements may cover the owner, architect or designer and contractor. In particular, three-party mortgage contracts become necessary if the money is lent for real estate that has not yet been built or improved.