SECTION 71.103. 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 must be in writing and signed by representatives of the contractor and the 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 §71.103 adopted to be effective April 9, 2002, 27 TexReg 2813

                    
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