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

Any renegotiation, in reality, would be extremely complex, given that the foundational agreements involved the UK, Greece, and Turkey as well as representatives from the Greek and Turkish Cypriot communities.

From BBC

"The review is not a renegotiation," LeBlanc said, underscoring that the deal does not expire until 2036.

From Barron's

The bank, like many of its peers, projects the Bank of Canada will leave its policy interest rate steady through 2026 and it isn’t anticipating tariffs imposed by the U.S. on Canadian goods to rise further, though the existing trade pact between Canada, the U.S. and Mexico is up for renegotiation this year.

From The Wall Street Journal

In a letter to shareholders, Bank of Montreal said it expects the coming renegotiation of the existing trade pact between the U.S.,

From The Wall Street Journal

Given that, it makes sense deal terms were up for renegotiation.

From Barron's