SECTION 3.70. Settlement Agreement

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(a) The parties may, at any time during a negotiation or mediation conducted pursuant to this subchapter, reach a settlement agreement to resolve an entire claim or any designated and severable portion of a claim. A settlement agreement must identify any unresolved portion of the claim.
(b) To be enforceable, a settlement agreement must be in writing and signed by representatives of the contractor and the Land Office authorized to bind each respective party.
(c) A partial settlement does not waive a contractor's rights under Texas Government Code, Chapter 2260, as to unresolved parts of the claim.

Source Note: The provisions of this §3.70 adopted to be effective November 25, 2019, 44 TexReg 7186

                    
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