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In this YouTube tutorial, viewers are introduced to the concept of purchase agreements in Microsoft Dynamics 365. A purchase agreement is a legal contract between a company (organization) and a vendor (buyer) where the vendor agrees to offer a discounted price on specific items for a specific date range and quantity. These details are recorded in a purchase agreement document within the procurement and sourcing module. Some companies may refer to a purchase agreement as a blanket purchase order. To create a purchase agreement, users need to access the purchase agreement section and click on the new button.
