Editing an agreement in Anchor provides a hassle-free way to keep your agreements aligned with your growing business and evolving client relationships.
This article covers everything you need to know about updating your agreement—how to do it, which amendments require client approval, and how these changes impact invoices.
With Anchor’s flexible settings, all amendments can be approved automatically, streamlining the update process for both you and your clients.
Try it out yourself!
How to Edit an Agreement in Anchor (Step by Step)
1. Navigate to Agreements:
Go to the Agreements page in your account
Click on the agreement you want to edit
Click the “Edit” button
You can then make the necessary changes;
2. Editing an Existing Service:
Click the three dots in the top-right corner of the service you want to update and select Edit.
In the pop-up window, update details such as the service description, pricing, billing cycle, or payment terms. When you’re done, click Save.
3. Adding a New Service:
Click the Add Service button, choose the services you want to include, and then click Add Services.
4. You can also update payment settings or other agreement details as needed.
After making your updates, click Save changes and notify client to finalize everything. Your client will receive an email with details about the changes and can approve them if required.
When Does an Amendment Require Approval?
Client approval is needed when an amendment affects financial terms, payment structure, or service scope. For a full list of changes that require explicit client approval, click here.
Auto-Approval of Agreement Amendments
With the Auto-Approve Amendments , every change to your agreement can be approved automatically after a set notice period.
To set it up:
Scroll to the Agreement Settings
Select Enable amendment auto-approval with a notice period.
To make this the default for all proposals, go to Proposal Default Settings and check the Auto Approval of Invoices box.
Choose your desired notice period from the dropdown menu.
When you send the proposal, a new clause is added stating the time it takes for amendments to be approved. As you update an agreement, a counter shows the remaining time until the changes are automatically approved.
If an invoice is issued with an amendment that hasn’t been approved by the client, that invoice will also require approval. You can automate invoice approvals as well—read more here.
Still have questions? Feel free to send us a message by sending an email to [email protected], our team is always happy to help!