renegotiation

American  

[ree-ni-goh-shee-ay-shuhn, -see-ay-shuhn] / ˌri nɪˌgoʊ ʃiˈeɪ ʃən, -siˈeɪ ʃən /

noun

1. the act or process of negotiating something, such as a contract, again.

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Example Sentences

“We will most likely see a renegotiation to the detriment of North American competitiveness,” he says.

From Barron's

The PGA Tour's alliance with the European tour is up for renegotiation from 2027.

From BBC

OpenAI ended that arrangement last month as part of a renegotiation of its contract with Microsoft and has been on a dealmaking spree to meet its vast computing needs.

From The Wall Street Journal

But Baldoni and his production company "have not adequately alleged that Lively's threats were wrongful extortion rather than legally permissible hard bargaining or renegotiation of working conditions", Judge Liman wrote at that time.

From BBC

Pfizer called Novo’s offer “illusory” and said it shouldn’t trigger a renegotiation of its existing agreement.

From Barron's