renegotiation
Deal terms reopened
Renegotiation is the process of negotiating again—revisiting terms that were previously agreed upon to reach new ones.
Contracts, treaties, and deals undergo renegotiation when circumstances change or one party seeks better conditions: The union called for renegotiation of the salary provisions.
After the merger fell through, renegotiation of the original terms took months.
Conditions of an agreement
- agreementShared position between parties
- clauseProvision in agreement
- amendmentChange to official text
- revisionAltering to improve
renewal · extension · modification · stipulation · conditions · parties · arbitration · settlement
Joining into one
- wagesPayment for work
- collectiveJointly organized group
- strikeForceful impact or stoppage
- benefitsGains or helpful effects
arbitration · management · walkout · seniority · healthcare · pension · overtime · grievance
Binding pact between nations
- accordHarmony between parties
- talksSpeaks with others
- summitPeak or diplomatic gathering
- bilateralInvolving two parties
multilateral · diplomacy · sanctions · concessions · ratification · protocol · withdrawal · compliance
Rearranging an existing framework
- repaymentGiving back what's owed
- creditorsThose owed payment
- defaultPreset standard option
- bailoutEmergency aid preventing bankruptcy
interest · principal · IMF · sovereign · relief · moratorium · refinancing · bondholders
Taxes on imports
- NAFTAContinental free-commerce bloc
- USMCATrilateral commerce treaty
- quotasMandated numerical limits
- bilateralInvolving two parties
exports · imports · protectionism · WTO · dumping · subsidies · reciprocity · commodities
terms
Conditions of an agreement
- agreementShared position between parties
- clauseProvision in agreement
- amendmentChange to official text
revision · renewal · extension · modification · stipulation · conditions · parties · arbitration · settlement · concession
union
Joining into one
- wagesPayment for work
- collectiveJointly organized group
- strikeForceful impact or stoppage
benefits · arbitration · management · walkout · seniority · healthcare · pension · overtime · grievance · lockout
treaty
Binding pact between nations
bilateral · multilateral · diplomacy · sanctions · concessions · ratification · protocol · withdrawal · compliance · framework
restructuring
Rearranging an existing framework
bailout · interest · principal · IMF · sovereign · relief · moratorium · refinancing · bondholders · austerity
tariffs
Taxes on imports
bilateral · exports · imports · protectionism · WTO · dumping · subsidies · reciprocity · commodities · customs
- Dealmakingdeal, bargaining, offer, counteroffer, compromise
- contract termscontract terms, agreement, terms, conditions, condition
- cost cuttingcost cutting, budgeting, cost reduction, budget, budget cuts
- entertainment businessrecording contract, movie deal, book deal, development deal, talent deal
- leasinglease agreement, tenant, lease term, lease terms, rent
- tradetrade balance, free trade, trade barriers, customs, trade deficit
renegotiationadherence
Faithful following of something
status quo · compliance · maintenance · preservation · ratification
renegotiationfinalization
Act of completing something
conclusion · settlement · closing · execution · signing
renegotiationenforcement
Compelling compliance with rules
execution · fulfillment · implementation · performance · termination