renegotiate
[/ˌriːnɪˈɡoʊʃieɪt/]
verb
renegociar
1. to negotiate again or anew; to discuss and arrange the terms of an agreement a second time
The company decided to renegotiate the contract with better terms.
A empresa decidiu renegociar o contrato com termos melhores.
2. to modify or revise the conditions of an existing agreement
They want to renegotiate the salary after the first year.
Eles querem renegociar o salário após o primeiro ano.
3. in business and finance, to enter into fresh negotiations regarding a loan, deal, or contract
The bank agreed to renegotiate the mortgage payments.
O banco concordou em renegociar os pagamentos da hipoteca.
In both Brazilian business culture and American corporate environments, 'renegotiate' is a common term used when economic conditions change or when parties seek better terms. In Brazil, renegotiation often occurs due to inflation or currency fluctuations affecting contracts. In the USA, it's frequently used in real estate, labor disputes, and international trade agreements.
NYC Slang
re-up the deal / rework the agreement
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