Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 16. ECONOMIC REGULATION |
PART 1. RAILROAD COMMISSION OF TEXAS |
CHAPTER 20. ADMINISTRATION |
SUBCHAPTER A. CONTRACTS AND PURCHASES |
DIVISION 2. RESOLUTION OF CONTRACT CLAIMS |
SECTION 20.45. Settlement Agreement
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(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 shall be in writing and signed by representatives of the contractor and the Commission who have authority to bind each respective party. (c) A partial settlement shall not waive either party's rights under Texas Government Code, Chapter 2260, as to the parts of the claims or counterclaims that are not resolved. Source Note: The provisions of this §20.45 adopted to be effective February 12, 2004, 29 TexReg 1196