Renegotiate: meaning, definitions and examples
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renegotiate
[riːnɪˈɡəʊʃɪeɪt ]
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.
Interesting Facts
Etymology
- 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.
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.
Translations
Translations of the word "renegotiate" in other languages:
🇵🇹 renegociar
🇮🇳 पुनर्विचार करना
🇩🇪 neu verhandeln
🇮🇩 merundingkan kembali
🇺🇦 переговорювати
🇵🇱 renegocjować
🇯🇵 再交渉する (さいこうしょうする)
🇫🇷 renégocier
🇪🇸 renegociar
🇹🇷 yeniden müzakere etmek
🇰🇷 재협상하다 (재협상하다)
🇸🇦 إعادة التفاوض
🇨🇿 přehodnotit
🇸🇰 renegociovať
🇨🇳 重新谈判 (chóng xīn tán pàn)
🇸🇮 ponovno pogajati
🇮🇸 endursemja
🇰🇿 қайта келісу
🇬🇪 ხელახლა მოლაპარაკება
🇦🇿 yenidən danışıqlar aparmaq
🇲🇽 renegociar