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TITLE 7 - BANKING AND SECURITIES
PART 1 - FINANCE COMMISSION OF TEXAS
CHAPTER 10 - CONTRACT PROCEDURES
SUBCHAPTER A - NEGOTIATION AND MEDIATION
SECTION/RULE §10.11 - Settlement Agreement
Chapter Review Date 06/16/2023

(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.

Source Note: The provisions of this §10.11 adopted to be effective November 7, 2010, 35 TexReg 9694.

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