The word "renegotiate" is spelled with the prefix "re-" followed by "negotiate." The stress falls on the second syllable, which is "go," before "ti-" and "ate." In IPA phonetic transcription, the word is represented as /ri:niˈɡəʊʃieɪt/. The "r" sound in "re-" is pronounced with a flap, and the "e" in "renegotiate" is pronounced with a long "e" sound (/i:/). The "g" in "negotiate" is pronounced like a "j" (/dʒ/), and the ending "-ate" is pronounced with a long "a" sound (/eɪt/).
Renegotiate is a verb and refers to the act of revising, altering, or making changes to an existing agreement, contract, or deal through a process of discussion and negotiation. It involves entering into new negotiations or discussions with the aim of reaching a revised or updated agreement.
When parties involved in a contractual or business arrangement encounter changes in circumstances, such as economic fluctuations or unforeseen circumstances, they may opt to renegotiate the terms of their original agreement. This could involve modifying financial obligations, adjusting contracts, changing deadlines, or revising other terms originally agreed upon. Renegotiating allows both parties to reassess and adjust their commitments in a manner that better suits their evolving needs, goals, or preferences.
Renegotiating can be conducted in various spheres, including business deals, diplomatic relationships, labor agreements, or even personal relationships. It plays a crucial role in maintaining the balance of agreements and ensuring the continued satisfaction of all parties involved.
Renegotiation typically involves a process of discussion, compromise, and collaboration to facilitate a new agreement that addresses the changing needs and circumstances of the parties involved. It often requires effective communication, negotiation skills, and a willingness to find common ground. Renegotiation can occur multiple times during the lifespan of an agreement, as circumstances can change or unexpected events can arise.
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The word "renegotiate" is derived from the combination of two words: "re-" and "negotiate".
The prefix "re-" in English acts as an intensifier and is added to verbs to indicate repetition, backward movement, or removal. It comes from the Latin word "re-" which has the same meaning.
The second part, "negotiate", comes from the Latin word "negotiatus" which means "done through business, done for hire". "Negotiatus" is derived from "negotium", which means "business", "affair", or "matter requiring attention".
Therefore, when you combine "re-" and "negotiate", you get "renegotiate", which means to negotiate again or to discuss and make changes to a previous agreement or contract.