Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 10 - CONTRACT PROCEDURES
Subchapter A - NEGOTIATION AND MEDIATION
Section 10.11 - Settlement Agreement
Universal Citation: 7 TX Admin Code ยง 10.11
Current through Reg. 49, No. 38; September 20, 2024
(a) A settlement agreement may resolve an entire claim or any designated and severable portion of a claim.
(b) To be enforceable, a settlement agreement must be in writing and signed by representatives of the contractor and the Finance Unit of state government who have authority to bind each respective party.
(c) A partial settlement does not waive a contractor's rights under the Government Code, Chapter 2260, as to the parts of the claim that are not resolved.
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