On the Purchase agreements page, you can create, apply, and follow up on purchase agreements that exist between your organization and your vendors. Create a new purchase agreement.Go to Procurement and sourcing > Purchase agreements > Purchase agreements. First, you will want to navigate to Procurement and Sourcing> Purchase Orders> Purchase agreements and click New to create a new agreement. I have been having issues when creating Purchase Agreements. To create purchase agreement, go to Procurement and sourcing > Purchase agreements > Purchase agreements. Select vendor to create an agreement. Contracts are the foundation of any real estate transaction.