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The phrase "agreement being signed" is correct and usable in written English.
It can be used to describe the process or action of a contract or agreement that is currently in the act of being signed.
Example: "The agreement being signed will finalize the terms of our partnership."
Alternatives: "contract under signature" or "agreement in the process of signing".
Exact(3)
MPs now have little more than a week to stop the agreement being signed off by the Treasury.
How the deal came unstuck Full withdrawal Nato: requires all 40,000 members of the Yugoslav army and Serb police and paramilitaries to leave Kosovo within seven days of agreement being signed.
While the political donations from the latest NSW election period have not yet been disclosed, in 2010 Clubs NSW rewarded the NSW Liberal party handsomely for their "understanding", donating a total of $200,000 within two months of the agreement being signed.
Similar(57)
The agreement was signed by 167 countries.
The Sunningdale Agreement is signed.
A transfer agreement was signed in June 2011.
The latest agreement was signed on June 2 , 2011
In August 2015, a peace agreement was signed.
The agreement was signed in 2002.
The formal preliminary agreement was signed yesterday.
By May 1986 the agreement was signed.
More suggestions(1)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com