Restipulate

Restipulate (verb) signifies to add a new stipulation, condition, or requirement to an already existing agreement, contract, or arrangement. It suggests a modification or expansion of the original terms. This often involves revisiting a previous agreement to introduce specific clauses, clarifying obligations, or re-evaluating conditions. The addition can concern various elements, such as deadlines, payments, services, or any other facets covered by the initial agreement. The process frequently involves negotiation and mutual consent, signifying both parties are willing to adjust the original framework. This is distinguished from stipulating, as it implies a reiteration or addition of terms, not solely the initial establishment of them. Often happens during mergers or acquisitions, but also on smaller contracts.

Restipulate meaning with examples

• Following the unforeseen supply chain disruptions, the company decided to restipulate the delivery dates within the contract, clearly outlining new deadlines to account for potential delays and added costs.
• Before finalizing the real estate purchase, the buyer sought to restipulate the warranty agreement, adding a clause protecting them from undisclosed structural issues discovered post-inspection.
• After a year of successful collaboration, the partners agreed to restipulate the terms of their revenue-sharing model, adapting it to the evolving market conditions and increased sales volume.
• The legal team had to restipulate the confidentiality clause in the employment contract to include protections covering the new intellectual property the company had developed.
• During the contract renewal, the freelancer attempted to restipulate the payment terms, negotiating for an increased hourly rate due to the higher complexity of the projects.