How Do You Spell RENEGOTIABLE?

1. Renegotiable is an adjective that describes the ability or potential for a contract, agreement, or deal to be modified or altered through negotiation. It refers to the property of an arrangement that can be reviewed, reevaluated, and potentially changed by the involved parties.

   In a legal or business context, renegotiable contracts or agreements typically have provisions that allow for adjustments or revisions in certain circumstances. These circumstances may include changes in market conditions, economic factors, performance outcomes, legal requirements, or any other significant events that impact the original terms of the agreement.

   The ability for a contract or agreement to be renegotiated is important as it enables parties to adapt to new circumstances and address any unforeseen issues that may arise over time. This flexibility allows for a more equitable and sustainable relationship between the involved parties by allowing them to adjust terms or conditions that may no longer be feasible or fair.

   The renegotiation process usually involves discussions, negotiations, and compromises between the parties to reach an updated agreement that addresses the new circumstances in a mutually beneficial manner. Renegotiable contracts, therefore, provide a mechanism for parties to maintain a working relationship while adapting to changing needs and conditions.

   Overall, the term "renegotiable" denotes the capacity for flexibility and adaptability within contracts or agreements, enabling the involved parties to reassess and modify the terms to ensure fairness and ongoing cooperation.

Common Misspellings for RENEGOTIABLE

The word "renegotiable" is derived from the combination of two words: "re-" and "negotiable".

The prefix "re-" comes from Latin and means "again" or "back". It is commonly used in English to indicate repetition or return to a previous state or action.

The word "negotiable" comes from the Latin term "negotiabilis", which means "able to be negotiated". It is derived from the verb "negotiari", meaning "to carry on business".

When combined, "re-" and "negotiable" create the word "renegotiable", which means "able to be negotiated again" or "capable of being renegotiated". It refers to a situation where an agreement or contract can be modified or altered through a negotiation process, typically after an initial agreement has been made.