Renegotiating a business deal

Q: Is it permissible to renegotiate a business deal that one had previously agreed to but had not considered the consequences thoroughly?

A: The way to go about it is that both must agree to mutually cancel the first agreement and then re-negotiate.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)