Renegotiate (verb)

1. To discuss and reach a new agreement after a previous one has been made.
2. To renegotiate a contract, treaty or agreement.

Origin:

The word "renegotiate" is a combination of "re-" meaning again and "negotiate" meaning to discuss and reach an agreement. it refers to the process of discussing and reaching a new agreement after a previous one has been made.

Examples:

1. The company decided to renegotiate the terms of the contract.
2. The union requested to renegotiate the collective bargaining agreement.
3. The country decided to renegotiate the trade agreement with its partner.
4. The landlord agreed to renegotiate the lease with the tenant.
5. The two sides are trying to renegotiate the peace treaty.