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Today's tutorial topic is outline agreements in SAP MM, with a focus on contracts within outline agreements. Outline agreements are long-term agreements between a purchasing organization and a supplier for the supply of materials or services under predefined conditions over a certain period. These conditions include price, quantity, value, and freight charges. Vendors and companies both have to follow the terms of the agreement, which are mutually agreed upon. Subscribe to the channel for more tutorials on SAP MM.