Agreements between national public authorities and higher education institutions serve as a governance instrument in many European countries. In Norway, these agreements are currently undergoing change, as the state now invites the institutions to propose their own goals and parameters in the agreements. This study seeks to understand the negotiation process for new agreements and assess how higher education institutions expect the new agreements may affect their institutional autonomy in practice. The methodology includes analysing negotiation documents and interviews with key institutional officials to understand their expectations of the new agreements. The findings indicate that Norwegian higher education institutions have enjoyed both substantive and procedural autonomy during the negotiation process. However, it is anticipated that the new agreements will have a limited impact on institutional autonomy in practice, except for their role in legitimising internal strategic priorities. As a result, this study raises concerns and contributes to a deeper understanding of how agreements between public authorities and higher education institutions serve as instruments for governing higher education.