Sec. 172.146. AWARD ON AGREED TERMS. (a) The arbitration tribunal shall make an award on agreed terms as provided by Section 172.117. An award on agreed terms must state that it is an arbitration award.
(b) An award on agreed terms has the same status and effect as any other arbitration award on the substance of the dispute.
Added by Acts 1997, 75th Leg., ch. 165, Sec. 5.02, eff. Sept. 1, 1997.
Structure Texas Statutes
Civil Practice and Remedies Code
Title 7 - Alternate Methods of Dispute Resolution
Chapter 172 - Arbitration and Conciliation of International Commercial Disputes
Subchapter F. Arbitration Award
Section 172.141. Form and Content of Arbitration Award
Section 172.142. Delivery of Award
Section 172.143. Interim Award
Section 172.146. Award on Agreed Terms
Section 172.147. Correction and Interpretation of Awards
Section 172.148. Additional Award