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TITLE 7BANKING AND SECURITIES
PART 1FINANCE COMMISSION OF TEXAS
CHAPTER 10CONTRACT PROCEDURES
SUBCHAPTER ANEGOTIATION AND MEDIATION
RULE §10.11Settlement Agreement
(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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