Renegotiate Meaning: Definition, Examples, and Translations
๐ค
renegotiate
[riหnษชหษกษสสษชeษชt ]
Definition
business
To negotiate again, typically in order to change the terms of an agreement or contract.
Synonyms
modify, reassess, reconsider, rework.
Examples of usage
- The company decided to renegotiate the terms of their partnership.
- After much discussion, they finally agreed to renegotiate the deal.
- We need to renegotiate the contract to better suit both parties.
- The union is planning to renegotiate their members' salaries.
- It's important to have clear communication when you want to renegotiate a deal.
Translations
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Interesting Facts
Business Context
- Renegotiation often occurs in business contracts when circumstances change, like financial difficulties or new market conditions.
- It can involve various stakeholders, including businesses, governments, and labor unions.
Conflict Resolution
- Skilled negotiators often prepare for potential renegotiation by anticipating changes and developing flexible strategies.
- Effective communication is a key factor in successful renegotiation to ensure all parties feel heard and valued.
Historical Examples
- In international relations, renegotiating treaties can occur to address changes in political power or agendas, exemplified by the Paris Climate Agreements.
- The U.S. has a history of renegotiating trade agreements that reflect shifting economic landscapes and national interests.
Psychology
- Research suggests that trust plays a critical role in the willingness of parties to engage in renegotiation.
- Emotional intelligence affects the outcomes of renegotiation, as understanding others' feelings can lead to better agreements.
Origin of 'renegotiate'
Main points about word origin
- The word comes from the prefix 're-' meaning again, and 'negotiate,' which has roots in the Latin 'negotiari,' meaning 'to carry on business.'
- In the 19th century, it started being used in legal contexts to describe altering contracts.
The word 'renegotiate' is a combination of the prefix 're-' meaning 'again' and the word 'negotiate' from Latin 'negotiatus', past participle of 'negotiari' meaning 'to carry on business'. The term first appeared in the early 19th century in the context of business dealings and has since become commonly used in various industries.
See also: negotiable, negotiating, negotiation, negotiator.