Renegotiate
Legal definition for Indian law research
Definition
renegotiate
: to negotiate again (as for more money or to adjust interest rates or repayments)
;specif
: to determine under statutory procedure the existence and amount of excess profits on (a government contract) in order to eliminate or obtain a refund of such profits
vi
: to negotiate again
;specif
: to adjust a government project price in order to eliminate or recover excessive profits
re·ne·go·ti·a·tion [-ni-gō-shē-ā-shən, -gō-sē-]
n
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.