renegociate

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

• 🇫🇷Verbe utilisé pour désigner l'action de discuter et de réviser les termes d'un accord, d'un contrat ou d'une transaction, souvent afin de les modifier ou de les améliorer.

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.

   🇫🇷Renégocier

   Synonymes: 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.

   🇫🇷Renégocier pour limiter les profits