renegociate

A verb used to indicate the act of discussing and revising the terms of an agreement, contract, or deal.

• 🇪🇸Verbo utilizado para designar la acción de discutir y revisar los términos de un acuerdo, contrato o transacción, con el fin de modificarlos o actualizarlos.

1. Negotiate anew B2 formal

   To discuss and agree upon new terms for a contract, agreement, or deal.

   • The company decided to renegotiate the contract with its suppliers.
   • They are trying to renegotiate the terms of the loan.
   • The union wants to renegotiate the salary agreement.

   🇪🇸renegociar

   Sinónimos: reopenreviserevisitrework

2. Revise terms to limit profits C1 formal

   To revise the terms of a contract in order to limit or regain excess profits gained by the contractor.

   • The government stepped in to renegotiate the deal and cap the contractor's profits.
   • The clause allows the client to renegotiate if the contractor's profit margin becomes excessive.
   • They renegotiated the agreement to prevent the contractor from making unreasonable gains.

   🇪🇸Renegociar para limitar ganancias