You can renew an expired collaboration link. When renewing a link, the list of users whom you added (and their access control level) when sharing for the first time remains unchanged. All you have to do is change the expiration date.
Select the document whose link you wish to reshare for collaboration.
On the context menu or kebab menu, select Share and then select Share Document.
The Share Document dialog opens with a message informing you to update the expiration date to renew the link and share it again.Figure: Renewing an expired link
Update the expiry date and select Send link.
TIP: If you wish to share the document with a new list of users, select Remove All, and then add the new list of users.