The kinetics and mechanism of the acetate ligand exchange with free acetic acid in [Zr6O4(OH)4(O2CCH3)12]2, used as a molecular model of crosslink migration in [Zr6O4(OH)4(carboxylate)12-n(OH)n]-based coordination adaptable networks with vitrimer-like properties, has been thoroughly investigated by dynamic 1H NMR and DFT calculations. The compound maintains its C2h-symmetric Zr12 structure in CD2Cl2 and C6D6, while it splits into its Zr6 subunits in CD3OD and D2O. In the Zr12 structure, the topologically different acetates (3 chelating, 6 belt-bridging, 2 intercluster-bridging and 1 inner-face-bridging) of the Zr6 subunits behave differently in the presence of free CH3COOH: very fast exchange for the chelating (coalesced resonance at room temperature), slower exchange for the belt-bridging (line broadening upon warming), no observable exchange up to 65 °C (by EXSY NMR) for the intercluster- and inner-face-bridging. The rates of the first two exchange processes have zero-order dependence on [CH3COOH]. Variable-temperature line broadening studies yielded ΔH‡ = 15.0±0.4 kcal mol-1, ΔS‡ = 8±1 cal mol-1 K-1 (-30 to +25 °C range in CD2Cl2) for the chelating acetates and ΔH‡ = 22.7±1.6, 22.9±2.1 and 20.6±1.0 kcal mol-1 and ΔS‡ = 13±5, 14±6 and 9±3 cal mol-1 K-1, respectively (+25 to +70 °C range in C6D6), for three distinct resonances of magnetically inequivalent belt-bridging acetates. With support of DFT calculations, these results point to an operationally associative mechanism involving a rate-determining partial dissociation to monodentate acetate, followed by rapid acid coordination and proton transfer. The cluster µ3-OH ligands accelerate the exchange processes through H-bonding stabilization of the coordinatively unsaturated intermediate. The lower exchange barrier for the chelated vs. bridging acetates is associated to the release of ring strain. The results presented in this investigation may help the interpretation of carboxylate exchange phenomena in other systems and the design of new carboxylate-based materials.