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RULE §403.221 Final Settlement Agreement

Published: 2015

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(a) A final settlement agreement reached during, or as a result
of mediation, that resolves an entire claim or any designated and severable
portion of a claim shall be in writing and signed by the authorized representatives
of the parties.
(b) If the settlement agreement does not resolve all issues
raised by the claim and counterclaim, the agreement shall identify the unresolved
(c) A partial settlement does not waive a contractor's rights
under the Government Code, Chapter 2260, as to unresolved claims.

Source Note: The provisions of this §403.221 adopted to be effective October 2, 2000, 25 TexReg 9953