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In this Microsoft ERP tutorial, the focus is on purchase agreements in Dynamics 365. A purchase agreement is a legal contract between a company and a vendor, detailing discounted prices for specific items over a set date range and quantity. This information is captured in a purchase agreement document within the procurement and sourcing module. It may also be referred to as a blanket purchase order. To create a purchase agreement, access the procurement and sourcing module and click on the purchase agreement link, then the new button.